Flat-panel TV Sales Growth to Drop Below 30% in 2009

Xinhuanet, 12/23/08

Data from the China Electronics Chamber of Commerce shows that demand for flat panel TVs in 2008 was 12.2 mln units – 11 mln of those LCD TVs, the remainder plasma TVs.

Domestic brands led the market, with Hisense (600060.SH), TCL, Changhong (600839.SH), Skyworth (0751.HK), Konka (200016.SZ, 000016.SZ) and others taking a 55% share. Among foreign brands Sharp, Samsung and Sony performed well. Regarding distribution, in first- and second-tier cities, retail chains Gome (0493.HK) and Suning (002024.SZ) had a combined market share of 80%.

Demand is expected to increase approximately 23% to 15 mln units in 2009 – the first time annual growth will have had dropped below 30%.

Keywords: statistics sales volume growth rate 000016.SZ 002024.SZ 0493.HK 0751.HK 200016.SZ 600060.SH 600839.SH Changhong China Electronics Chamber of Commerce Hisense Konka LCD market share plasma Samsung Sharp Skyworth Sony television 2nd tier flat-screen

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily