It is believed that LG may allow Apple to sell iPhones, iPads, and Apple Watches in its stores.
Apple
South Korean tech giant LG has recently announced the closure of its smartphone business. With its exit from the mobile business, it is planning to start selling iPhones at its stores in the country soon. Both these companies are in talks about this matter and it is expected that soon Apple phones will be available at LG’s stores.
As reported by GSMArena, Business Korea, tech giants Apple and LG are still in the process of negotiating with some key pieces. Under this, the LG store will be operated by these Apple employees in the Apple Corner or will be helped by LG employees of the mother-store.
According to an official of LG Electronics, the final decision has not been taken yet. However, “LG probably wants the deal to materialize by the end of July, when the last sale of the LG phone ends.” There are over 400 LG Best Shop locations around South Korea, so this could be a major expansion of the Apple retail space in the country.
According to the report, LG and Apple are not on a pedestal in terms of Mac computer sales as LG itself sells its ‘Gram’ laptops. In such a situation, giving Apple’s Mac laptop a place in the store can be a loss deal for him. It is believed that LG may allow Apple to sell iPhones, iPads, and Apple Watches in its stores. However, nothing has been decided in this matter yet.
In April, the company announced that it would be exiting the mobile business. The South Korean company said in a regulatory filing that its mobile communications (MC) unit will no longer manufacture and sell handsets after July 31. The slowdown in business and fierce competition in the industry have been cited as the reasons behind this decision.
The announcement came two months after the company said its MC division was open to “all possibilities” for its future operations. The company said exiting the mobile business will lead to a fall in revenue in the short term but ultimately improve its financial position and management efficiency in the long term.
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