fbpx
0
Samsung Electronics

Samsung Electronics’ Intentions

South Korean electronics giant, Samsung Electronics Co Ltd intends to cut production of smartphones in China because of the heavy competition against local companies. Samsung’s smartphone market share in the country is currently less than 1%.

Reporting from Reuters on Tuesday (06/11/2019), the production cut of the Samsung factory located in the southern part of Huizhou City was only 6 months after the company said that it would close the handset factory in the northeast part of Tianjin in order to increase efficiency.

Samsung, which is currently named as one of the world’s largest smartphone manufacturers, has experienced a decrease in market share in China. According to Strategy Analytics data, in 2013 Samsung’s smartphone market share reached around 20%.

In the following years, anti-South Korean sentiments emerged in China following diplomatic disputes between the two countries and coupled with a shift to local products such as Huawei.

The Counterpoint Research report shows that although market share continued to decrease, throughout the first 3 months of 2019 Samsung’s smartphone sales volume in China rose 40% compared to the previous quarter. This is driven by strong marketing efforts in the premium segment and cheaper mass-market classes.

Also Read: Samsung Delays Update on Galaxy S10 Software

Samsung Electronics: Their Given Statement

A statement released by Samsung in response to news of a cut in production volume released by financial magazine Caixin, said the company had offered voluntary resignation of several employees working at the Huizhou factory.

However, Samsung declined to mention in detail the information about the capacity of the plant, the number of employees, and production cuts when contacted by Reuters.

A Samsung spokesman in China said there would be some adjustments to production volume and the amount of labor caused by market conditions. Nevertheless, he also refused to provide further information.

Source: OkeZone


Like it? Share with your friends!

0

What's Your Reaction?

Like Like
0
Like
Smile Smile
0
Smile
Surprised Surprised
0
Surprised
Mad Mad
0
Mad
hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format