VIZIO is an American privately held producer of consumer electronics, based in Irvine, California. It was founded in October 2002 as V Inc. and is best known as a producer of affordable flat screen televisions.
Currently, the company primarily produces television sets. They became the largest LCD TV seller (by volume) in North America for the second quarter of 2007, with 606,402 TVs sold, a 76% jump from the previous quarter. Its market share increased from 9.4% to 14.5%.
VIZIO also produces 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. In 2011 VIZIO extended its portfolio of electronics devices to mobile phones, with the name Via Phone, and tablets, named Via Tablet. The new phones and tablets were shown at 2011 Consumer Electronics Show.
History of VIZIO
The company started in 2002 as GreenDane by William Wang, Laynie Newsome, and Ken Lowe with $600,000 and 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.
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