[YonHap News]

Global TV sales contracted nearly 8 percent in the first quarter of this year from a year earlier, but the market for three-dimensional (3D) TVs more than doubled, a report showed Sunday.

Overall global TV shipments amounted to 51.22 million units in the January-March period, compared with 55.54 million a year earlier, according to the report by market tracker DisplaySearch.

Samsung Electronics Co. had the highest market share of 21 percent, up 3 percentage points from a year earlier, followed by LG Electronics Inc. with 16 percent and Japan’s Sony with 7 percent.

Despite the overall sales shrinkage, the 3D TV market continued to grow in the first quarter, with 7.19 million units sold, a whopping 245 percent increase from the same period last year.

Samsung claimed 25 percent of the world 3D TV market, down 9 percentage points from a year earlier and 5 percentage points from three months earlier.

LG made strides in its 3D TV sales, with its market share soaring to 16 percent from 8 percent a year earlier, while Sony’s share tumbled to 12 percent from 27 percent, according to the report.

The combined market share of Samsung and LG remained in the 40-percent range in the first quarter, though it dropped from 45 percent in the previous quarter.

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It seems global consumers are switching to 3D televisions from flat screen sets.
Market tracker DisplaySearch said that global TV sales shrank 8 percent in the first quarter of the year while the market for 3D TVs grew by 245 percent.
This translates into nearly 7.2 million 3D TVs sold around the world between January and March this year.
Korean companies Samsung and LG Electronics had a combined 41 percent share of the global 3D television market.
Samsung Electronics accounted for 25 percent down 9 percentage points from last yearwhile LG had a 16 percent market share a jump of 8 percent from last year.

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