TV companies have been constantly innovating features in their brands. TV’s have come a long way since being simply black and white screen boxes to hi-fi wifi enabled internet connected plasma and LED TV sets. The top TV companies include brands like Samsung, LG, Sony, Hisense & TCL along with companies like Skyworth, Panasonic/Sanyo, Toshiba, Sharp and Vizio. Here is the list of the top 10 TV (Television) brands on the world 2016.
Vizio is a privately owned American consumer electronics company and a leader in the TV business.
Image: company website
It is headquartered in Irvine in California, and it was set up in October 2002 and then was known as V Inc. This company is known best for producing the world’s affordable television sets which are flat screen, and are popular among the audiences and customers across the world.
The company’s founders are Ken Lowe, Laynie Newsome and William Wang in 2002. They started with three employees and just $600,000 and was then started as V Inc. In 2006 the revenue earned by the company earned around $700 million. And in no time in 2007 the company was estimated to have a revenue of $2 billion. Vizio Company is known for price cutting in HDTVs to bring down their competitors.
In 2012 Vizio had over 400 employees. The department of engineering, sales, design and operations works at its headquarters which does the major part of the work. The other half of the employees work in Dakota Dunes, South Dakota in a call centre.
Vizio also agreements with ODM assemblers in Mexico and China where it manufactures its products. In 2015, in order to raise up to $172.5 million Vizio filed with U.S. regulators for an initial public offering. Deutsche Bank Securities, Merrill Lynch, Bank of America and Citigroup were the underwriters of IPO as Vizio told to US SEC in a detailed preliminary prospectus. Vizio acquired the parent of BuddyTV known as Advanced Media Research Group, Inc. in 2014 to expand service offering and content in the area of Smart TVs.