Advertisement

Huawei had just launched the P50 series earlier this week. But despite being a flagship grade lineup, the new smartphones only arrives in a 4G version. This, in turn, has led to the prices of the brand’s 5G smartphone models to rise in the second hand used market in China.

Huawei P50 Pro cameras b
P50 Pro

The price hike for used 5G Huawei smartphone models was observed by the Zhuanzhuan Group, which is a popular online market place that deals lets users buy and sell second hand used products in China. Generally, a smartphone’s value in the market usually always falls after its initial launch date. But now, the opposite seems to be occurring with the price of older 5G enabled smartphones from the Chinese tech giant rising.

The report from the used online market place stated that the prices of these 5G models are about 3 to 9 percent higher than in early June 2021. Notably, the Mate 40 Pro saw the highest increase in second hand market pricing. The price of a second hand Mate 40 Pro at the end of July 2021 is about 6,363 Yuan (roughly 985 USD), which is about 323 Yuan (roughly 50 USD) higher than back in June and marks about a 5.43 percent price hike overall.

Huawei Mate 40 Pro 4G
Mate 40 Pro

Similarly, the Mate 30 Pro 5G also saw a price rise during this same period, with a hike of 293 Yuan (roughly 45 USD) or about a 7.71 percent rise in price over a month prior. As of right now, the price of this model is around 4,093 Yuan (roughly 633 USD) on the Chinese used product selling platform. Analysts added that there were a number of factors that led to this price rise of older phones, with one of them being the launch of the 4G only P50 series. These used flagship devices are now not only more cost effective despite being high end, but also support 5G networking that the latest launch doesn’t.

RELATED:

 

Comments

RELATED ARTICLESMORE FROM AUTHOR