Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

LG Ended Talks With Apple for iPhone Sale

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

South Korean tech giant LG has recently suspended plans to sell Apple products like iPhone devices at its Korean retail outlets, the media reported.

Back in June, the South Korean company was reportedly in negotiations with Apple on a retail partnership.

Now, however, it appears to have temporarily ended those talks after some local backlash reports AppleInsider.

SME Daily reports that LG ended talks after controversy stirred among small- and medium-sized retailers, as well as among consumers.

There is apparently a “growing concern” that LG’s Best Shop would suspend employee training for Apple sales.

The South Korean government has also emphasized competition, suggesting that it’s worried about large retail partnerships threatening the livelihood of smaller outlets in the wake of the Covid-19 pandemic.

Additionally, Samsung is said to be concerned about the potential cooperation between LG and Apple, which could threaten its leadership in its home market, the report said.

In April, the LG announced that it will be withdrawing from the mobile business.

The company said in a regulatory filing that its mobile communications (MC) unit will no longer produce and sell handsets after July 31, citing a slump in business and fierce competition in the industry as the reasons behind the decision.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic