TV Slowdown Hits TCL Profits in 1H’22 and Brand Comparison

Published August 22, 2022

TCL Electronics issued its 2022 Interim Report last week covering the first half of the year, reporting a sharp decrease in net profits on a modest decrease in revenues. The slowdown in the global TV market led to a double-digit decrease in revenues from its TV business. TCL continues to evolve from a TV-centric contract manufacturer to a global consumer electronics brand, but TVs remain the dominant source of revenues.

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Written by

Bob O'Brien

bob.obrien@counterpointresearch.com

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