Samsung decided to stop producing mobile phones in China, the statement from the corporation. This decision was made because of increased competition with local smartphone manufacturers, as well as the economic downturn in China.
Samsung now occupies less than 1% of the market, although in general, it is still the leader of the global smartphone market. Samsung will continue producing smartphones in factories in other countries, suchlike India and Vietnam. And recently Samsung resorts to the services of third-party manufacturers, albeit in a reasonably limited volume. However, production expands more and more.
Earlier, other smartphone manufacturers also cut production in China due to a slowing economy and rising personnel costs. Thus, Sony announced the closure of the plant in Beijing and replaced the smartphones production to Thailand.