Samsung ends mobile phone production in China

guest · Oct 2, 2019

Samsung ends mobile phone production in China
Hurt by intensifying competition from domestic rivals
October 3, 2019
https://www.itnews.com.au/news/samsung-ends-mobile-phone-production-in-china-531824

Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world's biggest smartphone market.

The shutdown of Samsung's last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country.

"In China, people buy low-priced smartphones from domestic brands and high-end phones from Apple or Huawei. Samsung has little hope there to revive its share," said Park Sung-soon, an analyst at Cape Investment & Securities.
Samsung, the world's top smartphone maker, said it had taken the difficult decision in a bid to boost efficiency. It added it would however continue sales in China
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