Samsung to Shut Flagship Retailer in China Amid Coronavirus Outbreak Fears

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Samsung Electronics will briefly shut down its flagship retailer in China amid rising fears of the unfold of the Novel Coronavirus, firm officers right here mentioned on Monday.

Samsung will shut its flagship retailer in downtown Shanghai till Sunday, the corporate mentioned. The 800-square-metre retailer, the biggest Samsung retailer in China, opened final October and sells varied merchandise, from smartphones to tablets.

“We determined to briefly shut the shop for security,” an organization official mentioned. “The operation of the shop will depend upon the scenario in China”, Yonhap information company reported.

Apple introduced on Sunday it is going to shut all retail shops and company workplaces in mainland China amid the fast unfold of the novel virus.

Trade observers estimate that the outbreak of the Novel Coronavirus in China may hamper the worldwide smartphone provide and demand.

In response to market researcher Technique Analytics, international shipments of smartphones could also be 2 % lower than anticipated this yr due to the coronavirus outbreak in China.

The world’s No. 2 financial system makes 70 % of all smartphones bought on the planet.

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