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Samsung to top TV market for 8th year

December 31, 2013
- File Photo
- File Photo

SEOUL: Samsung Electronics is expected to maintain the global top TV manufacturer that sold the most number of flat-screen TVs for the eighth consecutive year, according to a source.

The Korean tech giant topped the list of global TV manufacturers with the largest market share of 25.5 per cent as of the third quarter of last year, according to international market research firm DisplaySearch.

“Samsung retained its leadership in last year’s TV market with the largest market share with ease,” an official close to the matter said.

Samsung consumer electronics unit chief Yoon Boo-keun predicted in November that Samsung which maintained the top position for the seven consecutive years would again become the No.1 in the global TV market in 2013.

Market analysts forecasted that Samsung would also dominate the TV market this year despite challenges posed by cheap TV makers from China, which has recently proven improved technology.

“Samsung will remain as the top TV maker in terms of the market share in 2014,” said Chung One-suk, an analyst from HI Investment and Securities, adding that TV products made by the Chinese firms do not match those of Korean TV manufacturers especially in technology advancement.

“The firm will put more emphasis on beefing up the Ultra HD TV business in 2014,” Chung said. It is expected that around 250 million TVs will be shipped worldwide in 2014.

– By arrangement with the ANN/The Korea Herald –