Meizu forced to close hundreds of stores in China
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Meizu is a brand that many of you know. Occasionally we talk about their phones on the web and it is one of the most popular brands in China. Although this popularity has fallen noticeably over the years. Since they have gone from having 2, 700 stores to just over 100. The company is closing stores at a great rate and cutting at least 30% in its staff.
Meizu is forced to close hundreds of stores in China
The advancement of brands like Xiaomi is something that is affecting them significantly. Its sales have also sunk these years, putting its survival at risk.
Bad moment
Despite this, Meizu hopes to overcome this situation with its next releases. The Chinese brand plans to launch its first 5G phone shortly. This is a smartphone that you have high hopes for and trust will help you through this bad time of sales. Although at the moment we do not have a date for its launch in the market.
Without a doubt, it is a bad time for the company. They have gone from being one of the most popular brands in China to being a secondary brand with an uncertain future. Although they continue to release many phones a year.
We will be watching for upcoming releases by Meizu. Also to possible changes in your business situation, which is undoubtedly something that generates doubts. It should not be ruled out that there are more closings or more layoffs by the Chinese brand.
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