Weak demand causes 5% drop in TV sales in China during Mid-Autumn Festival and National Day, says report

Combined TV set shipments of the six major China TV brands – Changhong, Hisense, Haier, Konka, Skyworth and TCL – will total 58.43 million in 2015, according to WitsView. The year's estimated annual shipments from these six vendors represent a 2.7% increase compared with the 56.91 million sets shipped in 2014. Demand saturation and growing popularity of emerging Internet brands are adding to the challenges that China vendors will face in their domestic market during the upcoming holiday sales events. Vendors' main source of growth will therefore be based on their expansion and development of overseas markets.

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via Yuichun