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OnePlus 3 price 'could rise due to Brexit'

Mobile-maker says tight margins means costs may be passed on to consumer.
OnePlus 2

The UK price of the critically acclaimed OnePlus 3 could rise due to the plummeting value of the pound against the US dollar, according to the handset's manufacturer.

The OnePlus 3 currently costs £309 to buy outright and off-contract. But in a blog post on its site, OnePlus has warned customers that a price rise could be looming and advised them not to delay their purchases for too long.

“Our margins have always been thin, and our expenses are mainly in USD.

"This being the case, sudden drops such as the one that the Pound has recently experienced could have a direct impact on our prices,” said a staff member on the company’s official forum.

“We’re telling you this now because we don’t want you to be blindsided.

"If you’re thinking of buying, we recommend doing so sooner rather than later. However, if a price change comes to pass, it will not be a decision that we take lightly.”

OnePlus said that its UK business was solid and that it was not worried about having to stop selling its products due to Brexit.

It has promised that if it does bump up prices, it will give ‘several days notice’ before doing so.

It’s not clear yet whether the dip in the pound following Britain’s vote to leave the European Union will affect prices in the wider smartphone market.

But with the value of sterling far lower than it was last week, a rise in the cost of devices such as Apple’s iPhone isn't out of the question.



Category: News
Tagged: oneplus
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