Samsung Electronics to shut down smartphone plant in Tianjin
Samsung Electronics to shut down smartphone plant in Tianjin
  • Dan Yoo
  • 승인 2018.12.14 11:56
  • 댓글 0
이 기사를 공유합니다

Its market share in China plunged from 19% to 0.7% owing to competitive Chinese products

Samsung Electronics, which is suffering from a severe slump in sales and labor costs in the Chinese smartphone market, will stop operating its Tianjin production plant at the end of this month. 

Until 2014, Samsung Electronics was the top smartphone manufacturer in China with a market share of 19%. However, its market share dropped to 0.7 percent in the third quarter of this year owing to the chase of Chinese products such as Huawei and Xiaomi. Its sales of nearly 20 million units per quarter also dropped to 700,000.

"Samsung Electronics seems to have felt burdened by continuing operation of its factories at a time when its market share for its smartphone is decreasing." said a Chinese media outlet.

Meanwhile, a Samsung Electronics official said, "We had a briefing session on the stoppage of production for local employees. The decision was made to efficiently operate smartphone production plants around the world. As the Tianjin plant has a low operation rate, there is no problem in supplying our products." 

As a result, Samsung has only one smartphone production facility in Huizhou, China. Some analysts say that Huizhou's plant will either reduce production or withdraw in the future. Samsung Electronics is currently operating its smartphone factories in six countries, including China, India, and Vietnam.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트