Freedonia In The News
Article Title: Samsung's Phones Help Sell Home Appliances
By: James R. Hagerty
Publication: The Wall Street Journal, 8/6/2013
Freedonia Study: World Major Household Appliances (2822)
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Whirlpool, which makes only appliances and closely related items, had 2012 sales of $18.1 billion.
Bernstein forecasts Samsung's appliance sales will reach 15.8 billion won ($14.1 billion) in 2015, likely leaving it well below Whirlpool. Michael Deneen, an analyst at Freedonia Group, Cleveland, estimates that LG was the world's fifth largest appliance maker in 2012 and Samsung No. 8.
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