US Edition6 Articles
6 Articles
According to sources close to the matter, Samsung Electronics' desire to withdraw from the home appliance and TV market in China stems from increasing competitive pressure in that market.
According to a report by the Nikkei Asian Review on Monday (April 27), South Korea's Samsung Electronics plans to withdraw from its home appliance and television sales business in China this year. As price competition intensifies in China, the South Korean giant is shifting its strategic focus to the strong-performing U.S. market.
Samsung may soon stop selling TVs and appliances in China
It was reported recently that Samsung was considering a major overhaul of its operations in China. The changes being contemplated included a withdrawal from several segments of the Chinese market. A new report today claims that Samsung is going to fully stop the sales of its TVs and home appliances in China before the end of this year. Local players are offering better prices with improved quality Nikkei reported today that Samsung Electronic…
Samsung Plans to End Home Appliance and TV Sales in China This Year, Report Says - Tech
Samsung Electronics is preparing to stop selling home appliances and televisions in China before the end of this year, according to a report by Japan’s Nikkei newspaper. The report revealed that the company could reach a final decision as early as the end of April. If approved, Samsung would begin winding down sales of products including televisions, refrigerators, washing machines and air conditioners in the Chinese market. While retail sales m…
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