Western Europe

Global TV shipments fell 6.3% in 2012, undermined by declining sales in Japan and softening demand in North America and Western Europe, according to a new report from IHS iSuppli.

Overall TV shipments in 2012 totaled 238.5 million units, from 254.6 million in 2011. Shipments aren't expected to rise back to the 2011 level until 2015, when they will amount to 253.1 million units.

"Television shipments in 2012 declined for the first time for more than a decade, sounding the coda for the flat-panel replacement wave that deluged the business throughout the 2000s,"

More than a quarter (27%) of all televisions shipped in the first quarter included Internet connectivity, up from 20% during 2010, according to a new NPD DisplaySearch report. Led by Japan, where 46% of TV units featured Web connectivity, followed by Western Europe (36%), so-called smart TVs continue infiltrate the consumer market underscoring the opportunities and demand for Internet-based entertainment.

CE sales expected to remain flat in the U.S. and Western Europe during the next year, while emerging countries will provide growth  in many categories.

Consumer appeal of 3D entertainment delivered through the television appears to be waning in North America, while at the same time gaining momentum in China and Western Europe, according to a new report. While studios will release more than 40 movies theatrically in 3D in 2012 in the United States, NPD Display Research found that 3D penetration as a percentage of TVs shipped dropped to around 7% in the third quarter from more than 10% in the second quarter.

Electrolux AB hosted a Capital Markets Day this week in which President and CEO Keith McLoughlin explained why the company needs to cut costs and cull overcapacity, but he still did not name which plants in Europe and North America that will be shuttered.

Electrolux gave warning that cuts were coming at the time it announced its disappointing third-quarter 2011 results in late-October. McLoughlin said at the Capital Markets Day that Electrolux has an action plan that will provide an estimated annual savings of SEK 5.1 billion (approx. US$750 million)-about twice as much as the company had originally discussed.

More Blogs