LG will reportedly sell the iPhone in its South Korean stores

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Rumors swirled last week that LG would start selling iPhones in some of its South Korean stores, since stopped producing own smartphones. Now LG has confirmed that it will start selling iPhone and other Apple products next month, ZDNet reported.

LG and Samsung have agreed in 2018 to sell their smartphones only in their stores so as not to compete with smaller phone distributors. As such, when LG began considering selling the iPhone, it reportedly faced resistance from a retailer to resell smartphones. However, now that it has stopped producing its own phones, the group has reportedly signed a new contract that allows LG to sell phones from other manufacturers.

In addition to selling the iPhone, which will begin 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. Still, that could go to the detriment of Apple’s rival Samsung, which has actually had the local smartphone market to itself since LG dropped out.

Apple reportedly began negotiations with LG to sell the phone in its retail outlets after the Korean company announced it would suspend production of its own devices. Both Samsung and Apple offer to pay LG smartphone owners up to 150,000 won ($ 135) to trade their phones.

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