 |
|
| Type | Private |
|---|---|
| Founded | Costa Mesa, California, USA |
| Headquarters |  Irvine, California, USA |
| Key people | William Wang, Founder / CEO |
| Industry | Consumer electronics |
| Products | AV Electronics; LCD TVs, HD Surround Sound systems, HDTV accessories, LCD computer monitors |
| Website | vizio.com |
Vizio, is a privately-held producer of consumer electronics, based in Irvine, California, USA. It was founded in October 2002 as V Inc.[1]
Vizio currently produces primarily LCD televisions. Amtran, a Taiwan-based company, is one of a number of investors in Vizio. In February 2009, Vizio announced they would be stopping production of plasma televisions.[2]
As of August 22, 2007, Vizio became the largest LCD TV seller in North America, with 606,402 TVs sold in the second quarter of 2007, a 76% jump from the previous quarter. Its market share increased from 9.4% to 14.5%.[3] In September 2008, Vizio started selling LCD TVs to Costco in Japan. On February 11, 2009, Vizio's co-founder Laynie Newsome announced that the company would stop manufacturing and selling plasma TVs and focus on selling LCD TVs. At the CES 2009 Vizio introduced a 240 Hz LED-backlit VF551XVT 55" LCD TV. Vizio has also started making other Audio/Video equipment such as High Definition Surround Sound Systems, LCD computer monitors and HDTV accessories. The company released its first Blu-ray Disc player in August 2009.[4]
The company started in 2002 with $600,000 and only three employees. In 2006 the revenue was estimated around $700 million, and in 2007 it was estimated to have exceeded $2 billion. Vizio is known for aggressively pricing their HDTVs against major competitors.
Notes
- ^ Lawton, Christopher, Kane, Yukari, Iwatani Kane and Dean, Jason."U.S. Upstart Takes On TV Giants in Price War", The Wall Street Journal, 2008-04-15. Retrieved on April 15, 2008.
- ^ Another Manufacturer Drops Plasma
- ^ Vizio tops in LCD TV sales in second quarter at CNET.com
- ^ http://www.engadgethd.com/2009/05/03/vizios-vbr100-blu-ray-player-delayed-until-august/
External links
 |
This technology article about a corporation or company is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
