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LG, Samsung seize China's digital TV market

SEOUL - South Korean appliance makers have secured a dominant position in China's digital television market, with LG Electronics Inc boasting the top market share, a Chinese agency said on Thursday.

According to the Chinese market research firm Information Center Data (ICD), LG Electronics posted the top share of 16 percent in China's digital TV market for the first nine months of this year.

LG ranked second last year with a share of 18 percent, but ascended to the top post this year on the back of strong sales of its projection TVs, which account for 87 percent of China's entire digital TV market, ICD said.

Trailing LG, Samsung Electronics Co came in second with a market share of 12.8 percent by the end of the third quarter.

Considering the No 4-ranked Philips' 8.4-percent and No 5-ranked Panasonic's 8-percent shares, South Korean firms have virtually seized control of the Chinese digital TV market, ICD noted.

By segment, LG has stuck to its position as market leader in sales of projection TVs for the sixth consecutive month since April, with its market share averaging 17.5 percent as of the end of September, compared with runner-up Toshiba's 12.5 percent.

In sales of plasma display panel (PDP) and liquid crystal display (LCD) TVs, LG ranked second with market shares of 19 percent and 19.2 percent, respectively, in the first nine months. In both projection and LCD TVs, LG recorded a one-notch rise in its ranking.

China's digital TV market is expected to grow 45 percent from 690,000 units last year to about 1 million units this year.

(Asia Pulse/Yonhap)
 
Nov 21, 2003


 


   
         
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