LG has taken an important step to turn off its cellular business. The last LG phone has played production lines and companies will no longer produce handsets after Monday, according to Asian business every day. Engadget has contacted LG to confirm.
The company announced plans in early April to reduce the telephone business, but continued to make handsets for several more months to fulfill contracts with telecommunications companies. A factory in Vietnam where LG built many of its smartphones will be converted into a household factory factory, Report Asian business daily.
After years of losing money in the division, LG said it would kill the cellular business that failed at the end of July, although it might still sell several devices after that date. People who buy LG phones will still receive up to three years of renewal of the Android operating system. The company will also provide four years after-sales service since the date of manufacture. Meanwhile, the company has reportedly sold limited supply of Velvet 2 Pro and LG which has not been released, which was exhibited by the company at CES in January, exclusively to its employees in South Korea.