Vizio Inc, the second-largest US liquid-crystal-display TV supplier, expects to increase revenue by as much as 30 percent next year as it expands its markets and products, chief executive officer William Wang (王蔚) said yesterday.
“We’ve launched into Canada and Mexico, which is keeping us pretty busy right now,” Wang said in an interview in Taipei. “We’re going beyond TV.”
Vizio, which lost its lead to Samsung Electronics Co in the last quarter, posted a 40 percent increase in high-definition TV sales to more than 280,000 units in the week of Black Friday, the day after Thanksgiving Day and the traditional start of the peak holiday shopping season in the US.
Higher sales of sound bar TV speakers and Blu-ray DVD players would also help boost revenue from the US$2.5 billion it expects to post this year, Wang said.
AmTRAN Technology Co (瑞軒科技), which is based in Taipei and owns a 24 percent stake in Vizio, will supply more than half of its products next year, with the remainder to be split between Innolux Display Corp (群創光電) and TPV Technology Ltd (冠捷科技), Wang said.
Vizio expects to ship 8 million TVs next year after selling 6 million this year and 3.5 million last year, he said.
Privately held Vizio, which is based in Irvine, California, had sales of US$2 billion last year, Wang said. The company has sold 60,000 Blu-ray players since it began offering them in September and expects to ship 150,000 next year, he said. Blu- ray is a high-definition format DVD developed by Sony Corp.
Listing on NASDAQ in 2011 “is a possibility,” but the firm does not yet have a plan for a public offering, Wang said.
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