China's TCL Overtakes Samsung in Premium Market For Ultra-Large TVs

Chinese TVs, once dismissed as "cheap and low-quality," are making strides in the premium market, overtaking Samsung, the world's top TV manufacturer. From a report: TCL, a leading Chinese TV brand, surpassed Samsung in the 80-inch and larger TV market for the first time in the second quarter. Another Chinese electronics company, Hisense, is closely trailing Samsung in this market. TCL maintained the lead in the 80-inch and larger TV market in the third quarter with a 23% market share( based on shipments), surpassing Samsung Electronics for the second consecutive quarter, according to market research firm Omdia on Dec. 19. Samsung's share fell from 26% in the third quarter of last year to 19% this year. Hisense is also closing in on Samsung, narrowing the market share gap from 11 percentage points to just 1.65 points over the past year. LG Electronics is facing similar challenges, losing its third-place market share position to Hisense last year.

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