South Korean consumer electronics manufacturer LG has officially stopped production of smartphones, weeks after it confirmed its exit from its mobile phone business that was reeling from heavy losses for years.
The South Korean tech giant stopped the production of smartphones, reports Asia Business Daily.
This might include the company’s latest devices — LG Velvet and the LG Wing — which were announced last year. The company also said it would continue to support its existing devices for some time.
It had also promised its customers that its premium smartphone models will get three years of software support, which includes the Android 11 update.