“British consumers have begun trading in smartphones from Huawei Technologies Co. in growing numbers since the Chinese tech giant was hit by a U.S. supply blacklist,” reports Bloomberg:
Trade-in and price-tracking companies report a surge in U.K. consumers trading in devices from the Shenzhen-based manufacturer, while interest from buyers fizzles. The numbers show that concerns around the company have extended beyond trade talks and corporate procurement and turned into backlash at retail, where Huawei makes most of its sales.
Gadget trade-in website WeBuyTek, which buys and resells about 36,000 handsets a year, has seen a 540% increase in the number of Huawei devices booked this week versus last. That’s the biggest jump it’s ever seen, the company’s director, Paul Walsh, said by email. “‘We have temporarily stopped accepting any new trade-ins, as we expect the value of these devices to plummet,” he said… The website http://bit.ly/2X7ivFd reported a rise of up to 282% in the number of people assessing the value of their Huawei handsets from May 20 to May 22, compared with previous days, according to a representative…
The rush follows the decision by BT Group and Vodafone Group to pull the Huawei Mate 20 X phone from their launches of fifth-generation wireless products. The British carriers joined others from around the world, citing uncertainty after Huawei was cut off from U.S. companies by new trade restrictions and barred from receiving software support for the Android operating system from Alphabet Inc.’s Google.
In other news, Microsoft removed Huawei laptops from its online store on Friday.
Read more of this story at Slashdot.
May 26, 2019 at 04:34PM http://bit.ly/2EyJLoF