While companies like Sony faltered, Vizio and Toshiba experienced outstanding growth.
It should come as no surprise that Vizio had a good 2009. They’ve sold a record number of LCD sets and surpassed every other company on the market. They’re the number one in sales, but also the number one in growth.
Vizio’s sales grew a massive 92.1% over 2008. The six thousand units of televisions sold in 2009 were almost double the amount sold in 2008. In comparison, Samsung had a 22% growth, while LG grew 8.9% and Sony lost a full percent of the market.
Analysts say that the growth is due to Vizio’s approach of pairing a low cost with competitive quality. But that shouldn’t shock anyone.
Slightly more unexpected is the success of Toshiba. They ranked fourth in sales overall and boasted an 81.7% growth.