Samsung Elec to withdraw home appliances, TV sales from China this year, Nikkei reports

Samsung Electronics will withdraw from the sale of its home appliances and TV business in China within this year, according to Nikkei. The move suggests continued pressure on Samsung's consumer electronics footprint in China and points to a restructuring of its regional operations. The announcement is newsworthy for Samsung but is unlikely to have broad market impact.

Analysis

Samsung Electronics will withdraw from the sale of its home appliances and TV business in China within this year, according to Nikkei. The move suggests continued pressure on Samsung's consumer electronics footprint in China and points to a restructuring of its regional operations. The announcement is newsworthy for Samsung but is unlikely to have broad market impact.