Samsung Recalls US Washers as Pundit Predicts the Same for China
Yicai Global
/SOURCE : Yicai
Samsung Recalls US Washers as Pundit Predicts the Same for China

(Yicai Global) Nov. 7 -- International electronic giant Samsung Electronics Co. [KS:005939] -- still reeling from the recall of its explosive Note 7 smartphones -- in another bombshell to its brand announced together with the US consumer product regulator the recall of 2.8 million washing machines in the US over potential safety risks. This recall has yet to affect the Chinese market, however.

On Nov. 6, Samsung Electronics (China) said none of the impeller-type washing machines recalled in North America are sold in China.

Though this recall has nothing to do with Chinese market, an insider told Yicai Global, "Samsung's washing machines had trouble even a decade ago in China, but due to inadequate regulations on recalls then, that case was not revealed to the public."

The insider also predicted that this recall will soon be carried out in Asia as the Note 7 recall started in the US, then spread to China afterwards.

However, Samsung's washing machines only claim a limited market share in China. Per online marketing data for May 2015 (mainly including JD.com and Suning.com provided by JDW Big Data -- a data research company subordinated to ecommerce company JD.com -- Samsung has no position in the top 15 in the washing machine market share in China. In the online channels of JD.com and Suning.com, Samsung's market share only accounts for 0.2 and 0.3 percent, respectively.

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