Image courtesy: asia.nikkei.com
LG’s Vietnam factory which is a majorly a manufacturer of LG smartphones has taken up the decision of making a transition to producing home appliance. LG had previously shifted a number of its production capacity to appliances to be able to keep the factory workers employed.
LG, a South Korean consumer electronics manufacturer, has officially ceased smartphone production as per its announcement on Monday. This came following an exit from its mobile phone business that was suffering from heavy losses for years.
The company also stated that it would continue to support its current devices for a period of time. It also promised customers three years of software support, including the Android 11 update, for its premium smartphone models.
Some LG smartphones (including Q-series phones) will also receive an Android 12 update, and the most recent models are expected to receive an Android 13 update. Users of LG smartphones will still be able to receive after-sales services for up to four years from the date of device manufacture.
Apple, LG’s competitor, is also attempting to entice current smartphone owners with a trade-in programme that offers KRW 150,000 (approximately $135) toward a new iPhone 12 or 12 mini.