Samsung aims to consolidate share in flat panel TV market

Monday, 26 July 2010, 14:42 IST   |    1 Comments
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New Delhi: Aiming to strengthen its foothold in the domestic television market, consumer durables major Samsung today said that it will double its market share this year by selling 1.2 million units of flat panels. "Our panel business is the major growth driver and we are looking at almost 1.2 million panel business this year. We will be almost doubling the market share this year to nearly 40 percent," Samsung India Electronics Deputy Managing Director Ravinder Zutshi said. He said the market size for such products is estimated to be around 3 million units annually. "We are currently the market leader in flat panel TVs in India, and have been consistently so in the past two years," Zutshi said. Samsung's nearest competitor is Sony, followed by LG, in the flat panel television segment.
Source: PTI