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Samsung Electronics to cut China phone output as market share sinks

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South Korea's Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic ...

SEOUL/SHANGHAI: South Korea's Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic rivals squeezes its share of the world's biggest smartphone market to less than a paltry 1per cent.

In the three months of 2019, however, Samsung's smartphone sales volume in China rose 40per cent versus the previous three months, helped strong promotion of premium models and cheaper mass-market handsets, showed an April report from Counterpoint Research.

 

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