What They Say
DSCC published a blog article on the TV business results of the top three brands, Samsung, LGE and Sony and the overall business of TCL, the fourth business. All of the firms did relatively well both in revenues and in margins on an annual basis.
Samsung and LGE cited increased panel prices as a headwind for profits, but all three companies reported Y/Y increases in operating profits.
In its earnings release, Sony said that the Y/Y sales growth was the result of an improved product mix, and happened despite a Y/Y decrease in TV units with volume down from 3.4 million in Q4 2019 to 3.2 million in Q4 2020. However, the average selling price for Sony sets increased from $638 to $742. LG Electronics simply said that revenue was driven by growth in advanced markets.
What We Think
There are differences in the way they report their business units and that means that if you want to get a better understanding of the details of this article, it’s worth looking at the original. (BR)