Samsung Electronics has witnessed an all time high share in the global TV market. The South Korean tech giant leads in terms of revenue during the third quarter of this year, as per a new report.
According to TheKoreaHerald, a market report from the known research based organization, Omdia, has revealed that the company held a sizeable 33.1 percent market share on terms of revenue in the total market. This is a a record high firgure from Samsung. As per the report, the company noted a revenue from TV sales in the third quarter of 2020, reaching 9.3 billion US Dollars, marking an impressive growth of 22 percent year on year.
Furthermore, Samsung sold 14.85 million TV units during the month of July to September, which is also up by 39 percent. In terms of number of units sold, the company now accounts for 23.6 percent of total across the globe. The global TV market had brought in a total 28.1 billion US Dollars in the third quarter, which is up by 11.8 percent year on year.
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Similarly, Global TV sales have also grown by 14.7 percent year on year, reaching 62.87 million units in sales. Sources from within the industry have stated that healthy sales of QLED and other large TVs have contributed to the company’s increased market share, despite the impacts of the Coronavirus pandemic. In just a year, Samsung doubled its QLED TV sales from 1.16 million to 2.33 million units.
Another South Korean brand, LG Electronics arrived second in the category during the same period. It saw a 16.6 percent market share in the third quarter, which was followed by Sony with 10.1 percent. Samsung and LG’s combined sales alone account for 49.7 percent of the total global market.
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