Samsung and LG crush rivals in dwindling LCD TV market

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Samsung LG LCD TV Sales

Samsung (005930) may be getting most of its attention for smartphones these days, but the South Korean manufacturer is doing pretty well in the LCD TV market, too. According to the latest data from iSuppli, Samsung shipped 8.2 million LCD TVs in the first quarter of 2012, good for 19% of all LCD TV shipments and up from the 18% market share it held in the first quarter last year. Fellow South Korean company LG (066570) shipped the second-most LCD TVs on the quarter as its 5.8 million LCD TVs shipped accounted for 13% of all shipments worldwide in Q1 2012. iSuppli also reports that Samsung and LG were the only two companies to turn a profit from their LCD TV businesses with rivals Sony (SNE), Toshiba (6502) and Sharp (7653) all taking losses on their LCD TV divisions. Overall LCD shipments were down year-over-year, dropping from 44.6 million in Q1 2011 to 44.4 million in Q1 2012.

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