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    1070   KYG8701T1388

TCL ELECTRONICS HOLDINGS LIMITED

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TCL Communication Records Strong Smartphone and Tablet Growth in Q3 2021

11/24/2021 | 12:01pm EST

HONG KONG, Nov. 24, 2021 /CNW/ -- TCL Communication recorded a strong third quarter with steady growth in both smartphone and tablet markets, according to the latest IDC Quarterly Mobile Phone Tracker, Q3 2021(IDC).

TCL's smartphone shipments increased in North America in the third quarter, bringing the company's regional ranking to fourth place. In Canada, TCL moved up to the Top 3 with a YoY shipment volume increase of 12.3% and YoY sales revenue increase of 180.9%.

TCL 20 Pro 5G Flagship smartphone shipped in Canada in Q2 and Q3, 2021 Honoree, CES Innovation Awards

TCL fuelled the smartphone growth by delivering great products at competitive price points and raising brand awareness through marketing initiatives and support from our partners and customers.

"TCL is committed to bringing 5G for All through a wide range of products and price points," said Aaron Zhang, Chief Executive Officer at TCL Communication. "We have invested more than 1 billion USD in R&D, including the creation of dedicated 5G labs. Through partnerships with more than 80 carriers in 160 countries, TCL is delivering on its mission to provide lightning fast, affordable yet powerful and reliable 5G for everyone to enjoy a smarter home and life."

In the global tablet market, despite the overall market decline due to supply constraints, TCL Communication's tablet shipment in Q3 increased by 15.4% year-on-year, placing the company among the top 5 Android tablet makers. TCL Communication has the largest increase among these manufacturers, thanks to the strategic cooperation with core supply partners to ensure supply and meet the delivery of major customers.

In the North American market, TCL's tablet shipment surged 73% in the third quarter compared with the previous quarter, ranking first among the Top 5 vendors in terms of growth rate.

TCL TAB Pro 5G tablet

TCL forecasts its recently launched TAB Pro 5G in the United States will drive more sales and growth in the next quarter. In addition, the company will have multiple new tablets and 5G smartphones announced at the upcoming CES 2022 in January.

Media Contact:
tclpress@tcl.com

About TCL Electronics

TCL Electronics (1070. HK) is one of the world's fastest-growing consumer electronics companies and one of the world's leading television and mobile device manufacturers (TCL Communication is a wholly-owned subsidiary of TCL Electronics). For nearly 40 years TCL has operated its manufacturing and R&D centers worldwide, with products sold in more than 160 countries throughout North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. TCL specializes in the research, development, and manufacturing of consumer electronics ranging from TVs, mobile phones, audio devices, and smart home products as part of the company's "AI x IoT" strategy. For more information on TCL mobile devices, please visit: http://www.tcl.com/global/en.html.

TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners. Alcatel is a trademark of Nokia used under license by TCL Communication.

Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/tcl-communication-records-strong-smartphone-and-tablet-growth-in-q3-2021-301431486.html

SOURCE TCL Communication Technology Holdings Ltd.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 70 081 M 8 997 M 8 997 M
Net income 2021 1 460 M 187 M 187 M
Net Debt 2021 - - -
P/E ratio 2021 6,76x
Yield 2021 4,51%
Capitalization 9 895 M 1 271 M 1 270 M
Capi. / Sales 2021 0,14x
Capi. / Sales 2022 0,13x
Nbr of Employees 32 392
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Number of Analysts 1
Last Close Price 3,99 HKD
Average target price 6,22 HKD
Spread / Average Target 55,9%
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Managers and Directors
Shao Yong Zhang Chief Executive Officer
Dian Qian Hu CFO, Joint Secretary & Executive Director
Juan Du Chairman
Robert Maarten Westerhof Independent Non-Executive Director
Shieng-Chang Tseng Independent Non-Executive Director
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