LED backlit LCD TVs are key to Samsung's goals
Despite the slow economy, Samsung is sticking to its predictions for LCD TV sales for 2009. The company continues to hold the largest portion of the global LCD TV market and is one of the top LCD TV suppliers in America.
Samsung was the top LCD TV vendor in America, but it was beat out by budget TV maker Vizio for the top spot in the U.S. market last quarter. Reuters reports that Samsung still plans to conquer the overall LCD TV market and is expecting its new LED TV line to help it meet that goal.
Reuters quotes Samsung's Sue Shim saying, "2009 won't be an easy year but we plan to maintain market leadership with new products such as LED TV. (Our market share) will go up."
Samsung maintains its prediction that it will ship 22 million LCD TVs in 2009, an increase of 10% from the amount shipped in 2008. The poor global economy makes that seem like a bold statement, but with less people going on vacation and less spending on things like eating out and more time being spent inside the home, LCD TV sales have being growing.
Shim said, "People are giving up eating out and traveling in the midst of this downturn."
Market research firm DisplaySearch predicted that the LCD TV market would grow by 15% for 2009 globally. Samsung says that one of its goals for the year is to increase its portion of the market from the 19% it currently holds.
One of Samsung's key areas to focus on for growth over the year are its LED-backlit LCD TVs. Traditional LCD TVs use cold cathode florescent lamps to light the screen. The LED-backlit variety of TVs offers reduced power consumption, better colors, and a thinner profile compared to cold cathode sets.
Shim said, "LED TV has a vivid picture quality, a slim design and is eco-friendly. It saves about 40 percent of energy when compared to a traditional LCD TV of the same size. After four years of using an LED television, the costs savings alone would be as much as the price of a 30-inch-grade LCD model."
Samsung isn’t being specific about its sales goals for the much more expensive LED backlit TVs, which often cost as much as $700 more than cold cathode TVs reports Reuters. Samsung did say that it had shipped 200,000 LED-backlit TVs to retail in the six weeks since the product line launched.
Analysts predict a mass migration to LED backlit TVs over the coming months. Sales of TVs using the technology are expected to reach 32.4 million units in 2015, up from the 2 million estimated to ship this year.
Shim said, "Going forward, the entire market will shift to LED. LED is the best television technology made available so far."
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