Samsung's India Woes: A Cautionary Tale for a Slowing Market Samsung India's decision to lay off 80 100 executives in its television and home appliance businesses is a stark reminder of the challenges facing the country's electronics industry.
The move, following a more than twofold increase in memory chip prices, has sent shockwaves through the sector.
The rise of smartphones has driven growth in India's consumer electronics market, but sales volumes have fallen 11 12% year on year, according to industry estimates.