Worldwide TV Sales See Faster Decline in 6 Years

Samsung Electronics Co. grabbed 29 percent of the global TV market for the largest share in the second quarter, followed by LG Electronics Inc. with 14 percent and Japan’s Sony Corp. with 7 percent. (Image : Yonhap)

SEOUL, Sept. 14 (Korea Bizwire) - Global TV shipments fell at the fastest clip insix years in the second quarter of the year, hit by the sluggish world economy and weaker currencies of emerging countries, industry data showed Sunday.

Global TV sales stood at 48 million units in the April-June period, down 8percent from the same period a year earlier, according to the data by industry tracker IHS Technology.

It marks the largest on-year decline since the second quarter of 2009.

IHS Technology attributed the drop to anemic demand stemming from a prolonged global economic slump and weaker emerging-market currencies, which made TVs more expensive in those countries.

Shipments in Latin America plunged 17 percent on-year in the second quarter, with sales in the Asia-Pacific region excluding China sinking 9 percent. The Western European market saw a 3 percent fall in sales, but shipments in China rose 5 percent.

Samsung Electronics Co. grabbed 29 percent of the global TV market for the largest share in the second quarter, followed by LG Electronics Inc. with 14 percent and Japan’s Sony Corp. with 7 percent.

Industry watchers predict the global TV market will likely face a severe headwind due to the global economic slowdown. Last year, the world TVmarket grew 3 percent from a year earlier.

(Yonhap)