Global TV annual shipments may fall below 200 million for the first time in 10 years

Abramhham

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As novel coronavirus continues to spread worldwide, according to etnews, the market is still struggling in the second quarter. Some people predict that novel coronavirus will have a greater negative impact on the market. This year, the volume of global TV shipments will be lower than 200 million for the first time since 2010.
Market research companies Omdia and Trendforce have previously estimated that global TV shipments will reach 203.5 million and 205.21 million this year, respectively. If there is no novel coronavirus, this year's data is expected to have 227 million 530 thousand stations.

As the world's largest TV market, China's sales in the first quarter of this year fell below 10 million for the first time in nine years, to 9.38 million units, the report said. Among them, China's TV manufacturers such as TCL, Hisense and Xiaomi only accounted for 32.5% of global TV shipments, lower than 36.1% of South Korean companies such as Samsung Electronics and LG Electronics. Due to the outbreak of the epidemic, the shutdown of factories in China and insufficient sales in the domestic market have a huge impact on the global TV market.

Although China's epidemic prevention and control situation continues to improve, but the United States, Europe, South America and Africa are still seriously affected. According to the report, Samsung Electronics and LG Electronics, which performed well in the first quarter of this year, are expected to see a drop in sales in the second quarter.

The sales of the two Korean companies in April are said to have declined significantly from the same period last year.

A spokesman for a South Korean TV manufacturer said that "apart from the necessities of life, most of the production, distribution and sales of products, including TV sets, have been cut off". The person added that this year's sales situation is very bad and cannot be compared with last year.

At the same time, an industry insider also said, "considering the current situation of the global TV market, the market research company's forecast may change again. The possibility of less than 200 million TV shipments worldwide this year is growing. "
 
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