Samsung may suspend operations at China mobile phone plant

Samsung may suspend operations at China mobile phone factory: Electronic Times

Samsung is no doubt now one of the biggest manufacturers of mobile phones in the world. "Samsung says there will be no more orders from Tianjin", a source told ETNews, adding that "That means suspending production there". This includes the Galaxy Note 9 that was launched recently. Perhaps the company is now thinking about cutting its losses as it's reportedly going to shut down one of its two smartphone factories in China. The plant - located in Tianjin - will be closed by the end of 2018. The reasons given by the South Korea news outlet, Electronic Times, are that smartphone sales are dropping, and labour costs are rising. Samsung's China shared dropped to less than 1 percent this year, outgunned by Huawei, Xiaomi and other Chinese brands, particularly on pricing. The giant is also under pressure for failing to deliver quarterly profit growth in times when competitors keep unveiling “cheaper, feature-packed models”.

While reducing production in China, Samsung is beefing up operations in other key markets. It does not appear that this plant will be closed with that in Tianjin. While Samsung said that nothing has been decided regarding Tianjin Samsung Telecom Technology operations, the South Korean newspaper claims that Samsung might stop manufacturing mobile phones this year at the aforementioned plant. Samsung Electronics' Tianjin telecom enterprise has got the objective of focusing on the activities that may lead to an increase in efficiency and competitiveness.

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It's no secret that Samsung has been facing tough competition in the Chinese smartphone market.

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