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LG takes over as global TV leader

LG sold 5.7 mn TVs in the quarter through Dec, propelling it rival Samsung and TCL to the no 1 position.

india Updated: Mar 16, 2006 16:36 IST
Reuters
Reuters
None

South Korea's LG Electronics Inc, banking on its strong line-up of thin-screen TVs, overtook China's TCL Multimedia as the world's top TV seller in last year's fourth quarter, new data showed.

LG sold 5.7 million TVs in the quarter through December, propelling it past hometown rival Samsung Electronics and TCL to the number-one position for the period, according to data released late on Wednesday by iSuppli Corp.

LG's global market share for the quarter stood at 11 percent, compared with 9.19 per cent in the third quarter.

Seoul-based Samsung -- also a strong player in the market for liquid crystal display (LCD) and plasma TVs -- saw its fourth-quarter share rise to 10.3 per cent from 9.4 per cent.

TCL, which rocketed to the number one spot with its purchase of the money-losing TV assets of France's Thomson in 2004, fell from the top spot to number three, as its share fell to 9.7 per cent from 10.1 per cent.

Sony Corp, which has embraced thin-screen models after arriving late to the market, also posted a healthy gain, rising two spots to No 5 as its share climbed to 6.1 per cent from 5.6 per cent.

iSuppli said that TCL has been strong in traditional, bulkier cathode ray tube (CRT) televisions, which still accounted for 82 percent of the global market in 2005 in terms of unit sales.

But in the fast-growing LCD arena, Sony, Samsung and Dutch firm Philips have been gaining share, with Sony making particularly large gains.

TCL, by comparison, is a relative bit player in the LCD market, with its share falling to 1.97 per cent in the fourth quarter from 2.44 per cent in the third.

First Published: Mar 16, 2006 16:36 IST