More good news from the upstart little-TV-company-that-could.
Despite the sinking U.S. economic situation, HDTV maker Vizio reported Tuesday that its products accounted for more than 10 percent of all North American flat panel TV sales in the third quarter, placing the low-cost maker third behind Samsung and Sony in terms of overall flat panel TV shipments.What's more, the company continued its upward year-over-year trend by selling more than 800,000 units in the quarter. Given this growth and its position among value-oriented shoppers, Vizio said it expects to post a 50 percent quarter-to-quarter increase this year for Q4 on particularly strong holiday sales.
In a way, Vizio is like the Hyundai Motors of the video world: initially they were cheap and poorly regarded, but the company worked hard to improve their quality while still delivering low price points, winning fans and converts in the process.
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