TCL’s LED TV Sales Surge in Sep

Source: Company Disclosure, ChinaScope Financial (Data)

+       TCL Corp. (000100: SHE) announced that the sales of LCD TVs in September increased 43.8 percent year-on-year to a monthly-high of 1.9 million sets. During that same time period, 1.53 million LED TVs were sold, equaling 80.5 percent of total sales volume of LCD TVs.

+       Among TCL’s total LCD TV sales were 1.19 million sets (up 37.5 percent) sold in the Chinese market in September, and 705,800 sets (up 55.8 percent) sold in overseas market.

In the rapidly growing smart TV market, Skyworth Digital Holdings (0751: HKG) is quickly catching up with TCL Corp. Since the smart TVs are android based, entry barriers are low and the competition fierce.

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