The prices of Huawei’s smartphones is set increase after U.S completely cut down the company’s ability to access chips produced in the United States or those produced using technology or software from U.S.
Many customers of Huawei Technologies in China are now in haste to buy Huawei’s products fearing the cut of chip supply will push up prices of the smartphones.
United States banned Huawei from accessing its chips and taking any 5G projects in the country citing the company was using its telecommunication infrastructure to spy for the Chinese government. Thereafter, Trump’s administration labeled the company a national security risk allegations which Huawei strongly denied.
Smartphone dealers in Huaqiangbei, the world’s biggest market for consumer electronics located in southern city of Shenzhen are claiming in the past month price of new and used Huawei smartphones has been increasing averagely by 400 to 500 yuan.
For instance one dealer said the Porsche model of Huawei’s Mate 30 is now going for 14, 000 yuan while the same phone was going for 10,000 yuan back in January.
“The Huawei phones are getting expensive but that’s supply and demand. If people like the brand, they’ll pay more – and who knows how good the chips they’ll have in the future will be?” said another dealer.