AfterDawn: Tech news

Samsung sets TV sales record in November

Written by James Delahunty @ 08 Dec 2011 7:38 User comments (2)

Samsung sets TV sales record in November Samsung breaks record for TV sales in November.
The South Korean consumer electronics firm said that sales of its televisions reached 5.7 million units during the month of November. It praised the long thanksgiving weekend in the United States for a large part of the record total.

On Black Friday, Samsung got its share of the additional $7.4 billion Americans spent compared to the 2010 total. The company sold 700,000 more units than in the month of October, or about 14 percent more. Samsung now feels that it is on track for its sales target of 45 million flat-screen TV units for the 2011.

Samsung's success comes as others in the TV business are struggling. Sony Corp warned last month of a fourth straight year of losses, with its TV unit responsible for losing $2.2 billion. Phillips Electronics has had to transfer its TV business to a joint venture setup with TPV Tecnology Ltd., based in Hong Kong.

Samsung's TV division reported a 240 billion won ($213 million) operating profit for the third quarter of this year.

Tags: Samsung
Previous Next  

2 user comments

19.12.2011 08:29

I am happy to see the fat- cats at Sony getting what they deserve.

222.12.2011 16:04

I find this really disturbing how a company that has had the most problems, recalls and complaints on their TVs is leading the pack. LG and Sharp make way better TVs and don't have the uformity and light leakage problems plagued with the Samsung sets. I researched for 6 months before buying my Sharp Aquos 3D LED TV and never once regretted it plus it was half the price as the crappy Samsungs in the same group. That Sharp picture beats the Samsung every time.

Comments have been disabled for this article.

News archive