Samsung ends sales of TVs and appliances in China amid intense local competition
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In brief: Samsung will no longer sell televisions and home appliances in one of the world's largest consumer markets, China. The reason? Intense competition from local brands and a rapidly evolving business environment.
The South Korean technology giant said it will make every effort to minimize the impact for existing customers, and is reviewing its support infrastructure for business partners. The decision won't affect Samsung's other divisions in the region, meaning they will continue to sell products such as smartphones and tablets as they always have.
The TV industry has been historically tricky to navigate, and Samsung has struggled as of late. According to The Wall Street Journal, the company's TV and home appliance divisions lost roughly $138.4 million last year.
As Linus Sebastian from Linus Tech Tips recently highlighted, most TV makers...
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