TCL reportedly set to overtake LG this year

TCL has been one of many fastest-growing manufacturers within the TV trade, largely because of the success of its Roku TVs and, to a lesser extent, its Android TV OS lineup. In keeping with a brand new report, TCL is now set to surpass LG in TV manufacturing.

A report from Omdia (by way of The Elec) means that TCL will overtake LG and assume the place of the second-largest TV maker on this planet, simply behind Samsung. That is predicted as TCL’s plans to safe panels for these TVs is believed to be increased than that of LG.

Particularly, TCL seems to have plans to safe 36.5 million panels, simply above LG’s plan to safe 34.3 million items. In fact, these received’t translate to last shipments or gross sales. In 2021, TCL shipped 24.57 million TVs whereas LG managed 27.33 million.

In keeping with market analysis agency Omdia and the trade on the 4th, this yr’s plan to safe panels by main TV makers was Samsung Electronics’ 55.6 million items, TCL’s 36.5 million items, and LG Electronics’ 34.3 million items

If issues work out as TCL is planning, it definitely appears there’s a superb likelihood the model will certainly overtake LG. In fact, LG will most likely nonetheless win out by way of income, given the corporate’s give attention to the high-end market in comparison with TCL’s give attention to extra reasonably priced fashions.

Final yr, TCL introduced that it sells over 10 million TVs with Android TV OS (Android TV or Google TV) annually. Given the context added by at this time’s report, it’s protected to imagine that TCL sells not less than 50% extra Roku items than Android TV OS, someplace round 15 million.

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