Global shipments of LCD TV sets in the first quarter of 2016 totaled about 48.32 million units, according to the latest report by WitsView, a division of TrendForce. This figure represents a 20.9% quarterly decline and also a 6.3% year-on-year drop. In addition to first quarter being the off season in the U.S. and Europe, the uncertain global economic outlook and the saturation of the Chinese TV market have put significant pressure on the overall LCD TV shipments.