Samsung closes its last Chinese manufacturing plant as sales plummet
In 2013, Samsung held the leading area in the Chinese phone market with a volume share of 19%, however last year, they could not grab even 1%. Samsung’s failure in China might mirror its future in India, where it slipped from number one to number 2 last year, with Xiaomi taking the lead. Samsung continues to produce a big part of its budget and mid-range handsets in India to offer to regional and overseas markets, while numerous of their premium gadgets are manufactured in Vietnam. Despite having a hard time in the world’s two biggest markets, Samsung continues to be the largest handset maker globally, with 20.8% sales volume.
In 2013, Samsung held the top area in the Chinese phone market with a volume share of 19%, however last year, they could not get even 1%. Samsung continues to make a big portion of its spending plan and mid-range handsets in India to sell to overseas and regional markets, while many of their premium gadgets are made in Vietnam. Despite struggling in the world’s 2 biggest markets, Samsung continues to be the largest handset maker worldwide, with 20.8% sales volume.