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Xnby Shubhangi Srivastava Drives Public Safety and Nonprofit Tech Upgrades Through Cloud and Cybersecurity Tools
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Walmart could soon find itself in the television business. And what that could ultimately mean for consumers - and the broader television industry - is something many market watchers are now keeping a close eye on.The company on Tuesday announced plans to acquire television manufacturer Vizio for $2.3 billion. The deal, which is subject to regulatory approval, would give Walmart a foothold in the television market, where, until now, it s been content to solely sell TVs. With its Vizio acquisition, Walmart is instead joining the television market.The move may create more questions than answers. For one, Walmart is now planning to sell its own televisions alongside competing televisions. And what that could mean for competition and whether it would give competing manufacturers a fair shake on stor stanley mug e shelves remains to be seen. Similarly, it calls into question whether other retailers, like Target or Best Buy, will want to sell Vizio televisions that would bolster its competitor Walmart s bottom line.The implications are potentially major. Vizio owned 10.4 percent of the U.S. television market last year, according to data from TrendForce. And the market researcher believes Vizio is poised to expand its market presence even further in 2024. Although Viz stanley becher io s market share dropped to 10.4% last year, Walmart s acquisition is expected to propel it past Samsung, making it the largest TV brand in the U.S., TrendForce said.An eye on advertisingFor its part, Walmart said that its focus stanley cup i |
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