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  /  Tech   /  Daily-Briefs   /  Global TV Shipments Hit Historic High As Pandemic Impacts Sales
Global TV Shipments

Global TV Shipments Hit Historic High As Pandemic Impacts Sales

According to a new report from TrendForce, global TV shipments hit a historical high in the third quarter of 2020. Samsung and LG, the two largest TV manufacturers in the world, are estimating profits to increase this quarter in comparison to 2019.

 

62.05 million units were shipped in the third quarter of 2020. This represents a 12.9 per cent increase compared to the same period in 2019. It’s also a 38.8 per cent increment from the previous quarter.

 

According to TrendForce, the historic high can be easily explained. For example, it says that in North America, TV demand increased by 20 per cent because people spent more time at home due to the pandemic.

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The supply-chain analytics firm also states that the delayed shipments from the first half of the year also contributed to the high sales.

 

The top five TV manufacturers recorded an increase in the number of their shipments. TCL was top with a 52.7 per cent increase year-over-year. Samsung saw up to 36.4 per cent year-over-year increase, and an increase of 67.1 per cent quarter-on-quater. Xiaomi comes third with a 22.9 per cent increase year-on-year but with a meagre increase of 5% quarter-on-quarter.

 

Hisense recorded a 19 per cent increase year-on-year with and LG, the least of the top five saw a small increase of 6.7 per cent in comparison to Q3 2019, however it saw a bigger 81.7 per cent increase from Q2. TrendForce, however, predicts that global TV shipments will be down slightly overall in 2020 in comparison to 2019.

 

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