‘OnePlus 3’ Price Jumps Due To Brexit, Costs £20 More

Just when everyone thought that the effects of Britain’s decision to leave the EU have waned, something pops up to remind people that the repercussions of the Brexit reverberate until today. One of the most recent examples of this involves the increased price of the “OnePlus 3,” which was a direct response to the devaluation of the pound.

As The Verge reports, the “OnePlus 3” now costs £20 more, rising from £309 to £329 in terms of its retail price. This was a direct effect of the devaluation of the pound after the Brexit. Fortunately, the accessories of the unit won’t get a price increase.

Price increases after the devaluation of currencies is not a new development. Apple has previously had to raise its prices for its products in Japan, Australia, and even Canada in the past. What makes “OnePlus’” decision to increase the price of their latest smartphone notable is the fact that it is the first smartphone company to do so after the Brexit.

Tech Times also points out that the recent delay in the release of the smartphone in the UK might have had something to do with Britain exiting from the EU. “OnePlus” cited reasons such as production issues when it made its announcement, but speculations were already rife that it had more to do with Brexit than anything else.

In a recent official post by the company, “OnePlus” explains what the future of their smartphone is pertaining to the UK market.

"We've seen a downward trend for the Pound against the USD over the past two years," OnePlus writes. "While we've held off action for as long as we can, the sharp drop witnessed in the currency markets following the Brexit decision has forced us to re-evaluate the OnePlus 3's pricing in the UK at a time of significant demand.”