26 Feb '13, 8am

Lunar New Year TV sales surged 9.4% on year in China, says WitsView

Lunar New Year TV sales surged 9.4% on year in China, says WitsView Press release, February 26; Alex Wolfgram, DIGITIMES [Tuesday 26 February 2013] LCD TV sales for the Lunar New Year in 2013 attained over 5.70 million units, growing 9.4% on year, according to research firm WitsView. WitsView's research director Burrell Liu indicated that reasons for the sales growth included China's economic situation and indicators stabilizing as well as to extended promotion during the period. WitsView said the sales results for China's top six brands over the Lunar New Year climbed 18% on year, while sales penetration rates for 3D and above 50-inch sized TVs rose to 42% and 10%, respectively. On-month growth of 42- to 49-inch TV sales was 2.1%, while LCD TVs conforming to energy-saving regulations set by the government in China reached a penetration rate to 91%, added the firm. WitsVie...

Full article: http://www.digitimes.com/news/a20130226PR206.html

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