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Samsung stops manufacturing phones in China

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Samsung has long been shrinking its presence in China in every way. Sales of the Korean brand in the country have fallen sharply in recent years, given the advancement of local brands such as Huawei, OPPO or Xiaomi. In addition, they have also been closing their factories and production plants in the country. They still had one, although the closure of it is already a fact.

Samsung stops manufacturing phones in China

In June, the workforce was reduced and activities at this plant in Huizhou were significantly reduced. Now the final closure of it is announced.

Goodbye to China

In this case, Samsung's decision has nothing to do with the trade war between the United States and China, although it is not something that has precisely helped the company in this case. It is more the competition of local brands, such as Huawei, OPPO or Xiaomi, which have the support of the public in the various market segments. Which makes its sales in China very low.

The brand had long been planning to retire. In fact, they focus their efforts on the Indian market and have opened several production plants in that country. So this new movement is a final goodbye to China.

Despite this, Samsung will continue to sell phones in China, in an attempt to gain a foothold in this market. Currently the firm's market share is 1%. So they have a difficult time obtaining an important role in it, but they will keep trying.

Reuters Source

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