TCL Corporation

TURBOII030 2017-02-04 TCL Corporation2019-07-20T20:47:49+00:00 Chinese Companies 5 CMTS HanTang
last reply @ 2019-07-20

TCL Corporation (TCL集團) is a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province.

It designs, develops, manufactures and sells products including television sets, mobile phones, air conditioners, washing machines, refrigerators and small electrical appliances. In 2010 it was the world’s 25th-largest consumer electronics producer. In 2013, it was third-largest television producer by market share.

Revenue: US$16.44 billion (2014)

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TCL Surges to the Top of the North American TV Market Amid US-China Trade Turbulence

Chinese brand TCL surged to the top of the North American TV market for the first time ever during the first quarter of 2019, as unit shipments boomed by 112 percent year-over-year.

TCL’s share of North American TV shipments rose to 26.2 percent during the first quarter of 2019, up from 16 percent during the same period in 2018, as reported by the IHS Markit TV Sets Intelligence Service. This put TCL one position ahead of previous market leader Samsung, whose shipment share declined to 21.8 percent, down from 28.0 percent one year earlier. Vizio ranked third in the North American TV shipment ranking, with a 13.7 percent share.

TCL’s strong performance contributed to a record quarter for the North American TV market, with shipments rising nearly 30 percent year-on-year to reach a historic high of 9.3 million units.

Despite TCL’s rise, Samsung maintained a commanding lead in terms of revenue, accounting for a 36.9 percent share, more than double the total of any other company. Samsung’s revenue leadership reflects its focus on TVs with larger sizes and higher price points.