TCL Global Sales Grew 40% in 2020; TVs Exceeded Targets at 24M

Despite the pandemic’s “downward pressure” on the industry, TCL revenue grew 40.2% last year to $6.56 billion, said the Hong Kong-based electronics company Thursday. Sales in North American markets grew 25.4% year on year. TV sales exceeded targets, said the company, growing 15.9% to 23.9 million sets. It cited Omdia figures saying TV market share for third-ranked TCL grew 1.5 points to 10.7%. Average screen size of TCL TVs increased by 0.8 inch from 2019 to 45.6 inches, while 65-inch and larger models’ share of the company's sales mix grew a point to 11%. TCL strengthened relationships with Roku and Google globally, and it’s working more closely with Netflix in overseas markets, it said. It’s promoting the TCL Channel to overseas users and is now in 12 countries with plans for further expansion.