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The Samsung Galaxy S10 sells well in China but the smartphone market is slowing down globally

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The Samsung Galaxy S10 sells well in China but the smartphone market is slowing down globally

Recently, the Chinese market has put pressure on Samsung, which has gone from a share of about 20% in 2013 to just 1% recorded last year.

A positive signal for the Korean giant comes from the Samsung Galaxy S10 series which, according to early reports, is making good sales in China and could help it regain some of the ground lost over the years.

In recent months, Samsung has made several changes to its Chinese division, simplifying operations and replacing local leaders: the new strategy now focuses on consumers who are willing to spend more on premium products.

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And while staying at Samsung, the CEO said that the smartphone market is slowing down and for this reason the manufacturer will devote a lot to the production of components to sell to other OEMs.

The Korean giant plans to continue investing in semiconductor production, as it faces stiff competition from TSMC and will probably also devote itself to the creation of equipment for network equipment, highly competitive business and which involves major manufacturers such as Huawei, Nokia, and ZTE.

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