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Samsung Electronics is ceasing sales of televisions and home appliances in China.
Samsung is ceasing sales of TVs and home appliances in China due to intense local competition.
KEY POINTS
- Samsung will continue to sell smartphones and computer chips in China despite ending other consumer electronics sales.
- Production at Samsung's home-appliance factory in Suzhou remains unaffected by the sales discontinuation.
- Samsung's TV and home-appliance segment reported a $138.4 million operating loss last year in China.
- Samsung's color TV market share in China dropped to just 3.62% as of April 2024.
COMPANIES
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