Samsung pulls the plug on Chinese smartphone production

Samsung this morning confirmed with Reuters that it has shuttered handset production in China. The move comes as the company continues to struggle in the world’s No. 1 smartphone market.As we noted in a deeper dive into China’s smartphone sales back in August, the Korean hardware giant has struggled to maintain a market share in the low single digits. It’s not alone, of course; Apple, too, has faced an uphill effort to crack the market, which is dominated by homegrown names, in