OnePlus has reversed a big price hike for the Watch 3 and can promote the smartwatch for $349.99, OnePlus spokesperson Spencer Clean tells The Verge through e mail. That’s $20 greater than the worth it was initially introduced at, however an enormous drop from the unexplained $499.99 value it debuted at on April tenth.
Clean attributes the Watch 3’s 52 p.c worth improve on April tenth to “present market circumstances,” however now says that “additional analysis” and provide chain changes have made it doable for the corporate to drop the worth again down, albeit not all the way in which to the $329.99 it had meant. Clean provides that the brand new price ticket is the “last MSRP worth and won’t be modified going ahead.” OnePlus customer support will attain out to anybody who purchased the watch on the greater worth and the corporate will refund the distinction, he stated.
OnePlus wouldn’t touch upon the rise earlier this month, however as we wrote at the time, the almost certainly rationalization is tariffs. By the point the watch had debuted, President Donald Trump’s tariffs on items imported to the US from China had reached 145 p.c. The identical week, although, the US excluded smartphones and other electronics from the best tariffs, though Trump soon promised that duties on them can be again “in a month or two.”