OnePlus Decides to Cut Prices!

In a surprising turn of events, OnePlus has backtracked on its hefty price hike for the Watch 3, now setting its price at a more palatable $349.99. This adjustment comes following a shocking debut price of $499.99 on April 10th.

The Rollercoaster Ride of Pricing

Initially, the Watch 3's price skyrocketed by 52%, attributed to 'current market conditions' according to OnePlus spokesperson Spencer Blank. However, after a 'further evaluation,' the company has managed to lower the price, even if it falls short of the original intended price of $329.99. Blank assures that this will be the final MSRP and will not change again.

Refunds for Early Buyers!

In good news for early adopters, OnePlus customer support will reach out to those who purchased the watch at the inflated price to offer refunds for the price difference.

What Caused the Price Spike?

While OnePlus remained tight-lipped about the reasons for the price increase at first, it is widely believed that tariffs played a significant role. By the time of the launch, President Trump's tariffs on Chinese imports had reached a staggering 145%, although electronics like smartphones were later excluded — only for the duties to loom large again shortly thereafter.

Conclusion: A Smart Move for OnePlus?

With this timely price adjustment, OnePlus aims to regain consumer trust and make its Watch 3 a more appealing option in a competitive market. Will this move turn the tide for the brand? Only time will tell!