Rumors swirled last week that LG would start selling iPhones in some of its South Korean stores, since it has stopped producing its own smartphones,. Now, LG has confirmed that it will start selling iPhones and other Apple products next month, ZDNet has reported.
LG and Samsung agreed in 2018 to only sell their own smartphones at their respective stores so they wouldn’t compete with smaller phone distributors. As such, when LG started to consider selling iPhones, it reportedly faced resistance from a smartphone reseller trade organization. Now that it has stopped making its own phones, however, that group has reportedly signed a new contract that allows LG to sell phones from other manufacturers.
On top of selling iPhones starting next month, LG will reportedly sell the Watch and other Apple products. The company has 400 stores in South Korea, so the move could provide a significant boost to Apple. It could be to the detriment of Apple’s arch-rival Samsung, though, which has essentially had the local smartphone market to itself since LG dropped out.
Apple supposedly started negotiating with LG to sell phones in its retail spaces after the Korean company announced it would end production of its own devices. Both Samsung and Apple have been offering to pay LG smartphone owners up to 150,000 won ($135) to trade in their phones.
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