LeTV reported nearly 1.6 million in LCD TV sales during 2014 and is likely to reach between 3.5-4 million in 2015, according to industry estimates.

Foxconn Electronics and TPV are expected to be the main manufacturers. Sources at LeTV added the company is mainly seeing sales of 60-inch units

China is one of the fastest growing markets for smart TVs, and LeTV is one of the main vendors in China using its content services to help push sales of its own-brand TVs.

Content and TV hardware packages are growing in China and many observers believe that new units released in 2015 will focus more on value-added content services to push sales as local vendors are no longer seeing growth spurred from subsidies issued by the China government for LCD TV purchases.

Smart TV sales reached 90 million units worldwide in 2013 and will grow at 21% CAGR to reach 228 million in 2018, according to Futuresource Consulting.