VIZIO Continues with Double Digit Growth in Q3 Amid Soft U.S. TV Sales
Strength Demonstrates Continued Popularity with U.S. Customers, Reinforcing VIZIO’s Commitment to Accessible High-Quality Technology, Leading Tech Support and Customer Satisfaction
Irvine, CA – November 27, 2013 — VIZIO, Inc., America’s #1 Smart TV 1 and large size LCD company 2 , announced today Q3 2013 results, showing continued industry strength with 18% year-over-year shipment unit growth during a period where the North American LCD TV market declined 4% 3 . Only one other brand showed year-over-year growth during the same three quarters of 2013 according to NPD DisplaySearch report 3 .
Much of VIZIO’s recent success can be attributed to its growth in both large size and smart TVs. The number one choice by many Americans at retailers nationwide, VIZIO recently launched its M-Series all-Smart TV collection which is now available at Best Buy, Costco, Sam's Club, Walmart, VIZIO.com. Featuring an ultra-modern, ultra-thin bezel that virtually vanishes next to the nearly edge-to-edge display, VIZIO’s enhanced HDTV line-up, spanning 32” to 80” class sizes, features VIZIO’s VIA Plus smart TV platform that demonstrates the brand’s leadership in HDTV technology and design-focused enhancements.
“VIZIO’s focus has always been to make the best technology accessible to all consumers and over the past nine months, we’ve looked to build on this by expanding our market share in the large-size and smart TV categories,” said Matt McRae, VIZIO Chief Technology Officer. “In addition to VIZIO’s #1 rank in both large size LCD and smart TVs, we are now also America’s #1 sound bar company 4 , further validating our innovative approach and demonstrating that VIZIO products continue to resonate with a growing number of U.S. consumers.”
In order to continue its market share growth, VIZIO’s product quality and customer satisfaction has been a focus since VIZIO shipped its first TVs ten years ago. VIZIO, ranked 5 “Highest in Customer Satisfaction with HDTVs Less Than 50 Inches (Tied),” is backed by an award-recognized U.S.-based customer support team that recently took home seven Stevie® Awards for exceeding customer service expectations in the consumer electronics industry. In anticipation of the traditional high volume sales and tech support inquiries during the busy holiday season, VIZIO.com’s Support Page was recently updated with tech support videos that are mobile web enabled. Now current and potential customers may also view these videos on smart phones and tablets.
For more information and a list of retailers for VIZIO HDTVs and other products, please visit VIZIO.com.
1 The NPD Group / Retail Tracking Service, Q2 2013 LED TV units with Apps included.
2 The NPD Group / Weekly Tracking Service, Large Size includes 60”+, Q2 2013 units sold.
3 NPD DisplaySearch North America LCD TV Shipments, Q1-Q3 ’12 compared to Q1-Q3 ’13.
4 Quixel Research's Q3 2013 Sound Bar Market Report, April 2013 through June 2013.
5 J.D. Power 2013 High Definition Television (HDTV) Satisfaction ReportSM. Report based on responses from 6,007 consumers measuring 8 brands and measures opinions of consumers who purchased an HDTV less than 50 inches in the last 12 months. Proprietary study results are based on experiences and perceptions of consumers surveyed May-June 2013. Your experiences may vary. Visit www.jdpower.com.
VIZIO, Inc. is headquartered in Irvine, California. In Q2 2007, VIZIO skyrocketed to the top by becoming the #1 shipping brand of flat panel HDTVs in North America and in Q3 2007 became the first American brand in over a decade to lead in North American LCD HDTV shipments. VIZIO was #1 in North America LCD for 2010 1 . VIZIO is now also America’s #1 Smart TV 5 and large size LCD company 2 as the leading seller of 60” and larger HDTVs in the U.S. with 30% of the market in this class 3 . VIZIO was the #1 Sound Bar Company in the U.S. for Q1 2013 4 . For over a decade, VIZIO has remained committed to what it does best -- focus on the consumer to deliver visionary products at a great value. VIZIO offers a broad range of award winning consumer electronics that now include PCs and mobility products. VIZIO's products are found at Amazon, Best Buy, BJ’s Wholesale, Costco Wholesale, Sam's Club, Target, Walmart and other retailers nationwide. VIZIO has won numerous awards including a #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics and made the lists of Ad Age's Hottest Brands, CNET's Editor's Choice, CNET Best of CES 2011 - Television, CNET Best of CES 2013 – Home Theater and Audio, Home Theater Magazine’s Top Picks, Good Housekeeping's Best Big-Screens, PC World's Best Buy and Popular Mechanics Editor's Choice among many other prestigious honors including “Highest in Customer Satisfaction with HDTVs Less Than 50 Inches in a Tie” from J.D. Power. For more information, please call 888-VIZIOCE or visit www.VIZIO.com.
1 DisplaySearch Market Tracker Quarterly Global TV Shipment and Forecast Report
2 The NPD Group / Weekly Tracking Service, Large Size includes 60”+, Q2 2013 units sold
3 The NPD Group / Retail Tracking Service, Q2 2013 LED TV units with Apps included
4 The NPD Group / Retail Monthly Tracking Service, units sold, Q1 2013
5 The NPD Group / Retail Tracking Service, Q2 2013 LED TV units with Apps included
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