TV shipments were up in the third quarter, seeing 4% year-over-year growth, led by LCD improvement.
According to the DisplaySearch Quarterly Global TV Shipment and Forecast Report, the LCD segment alone rose nearly 9%. But LCD TV growth barely compensated for declining shipments of plasma and CRT TVs, making for TV shipment growth that averaged less than 1% on a unit and revenue basis in the first half of the year.
There were regional differences, like LCD TV growth exceeding 12% year-over-year in the quarter in North America, and LCD TV shipments from China rising 9%. Results for the Asia-Pacific region in general were also quite strong, led by improved growth in an economically stronger India, where more favourable currency valuations are making LCD TVs affordable to a wider group of Indian consumers.
"While the last several years in the TV business have been difficult in terms of overall shipments and revenue, the market is showing some broad resiliency now, with most regions enjoying growth in the third quarter," said Paul Gagnon, director of global TV research at DisplaySearch. "Consumption for primary TVs is entering a renewed replacement cycle in some key regions, while adoption of larger screens and 4K and other higher resolutions will keep consumers upgrading."