AP: Samsung stops selling consumer electronics in Japan, citing poor profitability
Samsung Electronics Co. said Friday it had stopped selling flat panel televisions and other consumer products in Japan, citing poor profitability. Samsung has emerged in the past decade and a half as a global giant in consumer electronics, taking on and even beating Japanese rivals in places such as the United States and Europe. But penetrating the competitive Japanese consumer market, home to rivals such as Matsushita Electric Industrial Co., Sony Corp. and Sharp Corp., appears to have been a considerable challenge...Samsung sold LCD TVs, DVD players, MP3 music players and other items in Japan via the Internet, but stopped at the end of October, Lee said. It had ceased sales in retail outlets in August last year, she said...more...