When the global economy tanked, the market for many popular consumer electronics goods declined significantly as well. Among the hardest hit segments were the computer industry and TV markets. Demand was so weak for LCD TVs and notebooks that many makers of LCD panels were selling their products at less than the production cost.
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In May 2008, Samsung reported that it planned to outperform the LCD TV market with a bold plan to push new LED HDTV technology onto the market. Its LED plans worked well for the company and it quickly gobbled up about 59.8% of the global LED LCD TV market in 2009 reports Reuters.
Samsung reports that it expects to sell at least 2 million LED LCD TVs in 2009 and it has even more lofty goals for its LED sets in 2010. Samsung has its sights set on a five times increase in LEDÂ HDTV sales in 2010 with at least 10 million units sold.
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