LG has taken an important step forward closing its mobile business. The later LG phones skipped the production line and the company could no longer manufacture handsets after Monday, according to Daily Business in Asia. Engadget contacted LG for confirmation.
The company announced plans in April to downsize the phone business, but it will continue to make handsets for another month to fulfill contracts with telecom companies. A Vietnamese factory where LG has built most of its smartphones to become a home appliance manufacturing plant, Daily Business in Asia reports.
After years of loss of money In the division, LG is said to be shutting down the failed mobile business by the end of July, even if it can still sell some devices after that date. People who buy an LG phone will still receive up to three years on Android operating system updates. The company will also provide four years of service after the sale from the date of manufacture. Meanwhile, the company has reportedly sold a limited supply of the unreleased Vvett 2 Pro and LG Rollable, which the company appeared at CES in January, exclusively to its employees in South Korea.
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