Samsung ends mobile phone production in China

[Adam Frix]

This seems relevant in today's world. From Oct 2, 2019:

https://www.reuters.com/article/us-...obile-phone-production-in-china-idUSKBN1WH0LR

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.

The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country.

The South Korean tech giant’s ceased phone production in China follows other manufacturers shifting production from China due to rising labor costs and the economic slowdown.

Sony also said it was closing its Beijing smartphone plant and would only make smartphones in Thailand.

But Apple (AAPL.O) still makes major products in China.

I say, good.

 

[Kizzy Catwoman]

Well the world economy is in meltdown. So Samsung needs to keep its profits in Korea right now. Not behind the decision, I know, but worked out to be a good plan in hindsight.

 

[Adam Frix]

More importantly, it better feeds into my very strong desire--strengthened even more over the last month--not to buy goods made in China.

 

[fuzzylumpkin]

Well the world economy is in meltdown. So Samsung needs to keep its profits in Korea right now. Not behind the decision, I know, but worked out to be a good plan in hindsight.

More profit is kept in Korea if the manufacturing is done in China, though. It's just that those profits have a smaller distribution.