The trade-in price of Huawei P30 Pro, along with other smartphones, is crashing with each passing day. Huawei smartphone users in outside China markets are desperate to get rid of Huawei devices to recover their investment as soon as possible. Thanks to the trade ban imposed by the US on Huawei.
The trade war between Huawei and the President of the United States has been in the news for quite some time. And now that Huawei appears to be on the losing side, the aftermath of the ban is quite concerning for Huawei. Not only are the people reluctant to get a new Huawei phone right now, but they also want to trade off their previously owned devices as soon as possible. And due to this, the prices of the various smartphone devices of Huawei are beginning to plummet.
The biggest example right now is that of Huawei P30 Pro. Originally priced at around $1150, the resale price of Huawei P30 Pro in UK’s trade-in website Musicmagpie has crashed to $130 only. Let us look at it in a little more detail.
Price Of Huawei P30 Pro: Fatal Blows for Huawei
The trade-in price of Huawei P30 Pro at $130 represents a drop in the value of the device by almost 90%! Considering that the device was launched at the end of Q1 2019, abrupt drops in prices of flagship devices in such a short period of time can be considered fatal for a company regardless of its magnitude. What’s ironical is the rave reviews that the Huawei P30 Pro was receiving during its launch. Some reviewers even went on to claim that it was the best flagship smartphone released in 2019.
Ever since Google decided to revoke the Android license of Huawei, the Chinese smartphone manufacturer is fast slipping down in the list of top smartphone manufacturer in the world. In Q1 2019, it accounted for 19% of the worldwide smartphone market to become the second largest smartphone manufacturer. The company also emerged as the only manufacturer posting a 50% YoY growth.
However, we can expect these values to start declining pretty soon. People are desperate to get rid of their Huawei devices, no matter the loss. Gadget trade-in website WeBuyTek reported that it has observed an increase in the number of Huawei devices booked on its website by a whopping 540%! Apparently, it went on to an extent that they had to temporarily stop accepting any new trade-ins for devices since they believe that the price of Huawei P30 Pro, along with other Huawei smartphones, will continue to plummet further.
How Is Huawei Trying to Recover from This Situation?
Huawei is trying its best to maintain its demeanour and maintain an unfazed front globally in such times of crisis. A Huawei spokesperson had this to say about its current situation a week ago:-
The company is also trying its best to recover from this situation. One of the biggest examples of that is the expected debut of its new OS. After the Android ban, Huawei is set to debut its very own OS called Hongmeng, on which the company has apparently been working on since 2012. For time being Huawei has got some time in hand to explore alternatives to keep the ball rolling. If would be interesting to see what strategy Huawei would employ when the 90-day ban extension in the US dies down. Would Huawei smartphone users outside China stay hooked to show their loyalty or the resales value of Huawei’s flagship devices crashes more drastically to a level of peanuts, only time will tell!