The South Korean company "LG", formally renounced the production of smart phones starting from the month of June .
The South Korean company said that it "decided to work on the production of smart phones during the past two months, since its previous announcement, to fulfill the contracts concluded with it, according to what was reported by the specialized technical site Engadget."
They added, "According to this decision," LG "transformed one of its factories in Vietnam to manufacture home appliances, instead of manufacturing smart phones.
And LG resorted to this decision, after years of losing money in this division, to put an end to its business in the world of smartphones permanently at the end of July.
“LG” continues to sell the stock of smartphones it has, even after this date, but it will not produce any new smartphones anymore, and the South Korean company will also provide after-sales services for up to the next 4 years, and Android updates for its devices up to 3 years to come.