Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.
In 2017, Samsung manufactured 394 million handsets around the world.
Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday. The competition is intensifying from domestic rivals in the world’s biggest smartphone market.
Samsung’s last China phone factory has shutdown. Production has been cut at the plant in the southern city of Huizhou in June in June and another factory was suspended last year. Competition is tough in the country.
Some other manufacturers also ended production in China due to rising labor costs and the economic slowdown.
Sony said it was closing its Beijing smartphone plant and would only make smartphones in Thailand.
Apple still makes major products in China.
Fast-growing homegrown brands in the Chinese market are Huawei Technologies and Xiaomi Corp. In China, people can buy low-priced smartphones from domestic brands and high-end phones from Apple or Huawei. However, Samsung would continue sales in China.
Examples of Samsung Phones:
Samsung Galaxy S10 Plus 128GB White with Edge 40 tab
Samsung Galaxy S10 - 128GB Memory, Prism White
Galaxy Note10+ - 12GB+256GB, Aura Black
Samsung Galaxy Note9 128GB Black
Samsung Galaxy S10e 128GB Black with Edge 40 tab
Samsung Galaxy S9 64 GB - Titanium Grey
Samsung Galaxy Watch Active2 44mm - Aluminum Aqua Black