LG Reportedly Stops the Production of New Smartphones

LG has officially announced that it’s leaving the mobile market earlier this year, and now the company has reportedly stopped the production of new phones as part of this plan. A Korean site reports that LG is now getting ready to convert its factories for other purposes. For example, the Vietnam factory that has until now been used to manufacture phones would now e in charge of building household appliances. LG hasn’t officially announced this major step, though the company originally said that it plans to win down the mobile business by July 31. “LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level,” the company said.