A slowdown in the Chinese economy, the Greek debt problem and fluctuations of foreign currency have all conspired to erode sales of LCD TVs while stocks of them are beginning to pile up in warehouses around the world.
While this might be good news if you’re thinking of buying an LCD TV, market research company Trendforce said that shipments in the second calendar quarter of 2015 fell by 6.4 percent, amounting to 48.25 million sets.
But there’s good news in the third quarter, Trendforce said, with shipments growing by 19 percent but there are still risks for vendors and the firm has downgraded its estimate for sets in 2015 from 223 million down to 220 million.
Samsung was the leader in the second quarter, followed by LG Electroics but Chinese vendors TCL and Hisense occupied the third and fourth best selling slots.
Trendforce believes that some Japanese TV companies will give up exporting their products worldwide because of the tough competition, with Sony re-thinking its overall strategy.
Here’s a Trendforce Witsview chart showing the overall picture.