Following the US government adding Huawei to the Entity List, which essentially prevents the company from doing business with US companies and vice versa, it’s safe to say that this has put Huawei in a very difficult position. This is because a lot of the tech that Huawei uses does come from US companies, such as Google, Intel, Microsoft, and so on.
In fact, Huawei being banned from doing business with the likes of Google has left many questioning the company’s future as a smartphone manufacturer. So much so that it seems that not many are confident of the company’s ability to turn things around, resulting in prices of the company’s latest flagship, the Huawei P30 Pro, crashing.
According to a report from Forbes, it seems that the price of the handset has crashed rather badly where based on its value from a UK smartphone trade-in website, the a Huawei P30 Pro smartphone in good condition is only fetching as much as $130, meaning that it has lost about 90% of its value. This is also versus other smartphones like the Samsung Galaxy S10+ which is worth around $650 in trade-in value.
Taking a look at the company’s flagship from last year, the P20 Pro, it seems that its price has dropped to around $63, versus the Samsung Galaxy S9+ which is still fetching around $300. Whether or not Huawei will be able to turn things around remains to be seen, but in the meantime, at those prices, it might be a better idea to hold onto your phones rather than trade them in.
Filed in . Read more about Huawei, Legal and Social Hit. Source: forbes