Now, weeks later, it seems that the continued uncertainty is preventing that critical resale market from recovering—and the smartphone market relies on its resale market to drive upgrades and growth. The P20 Pro and P20 Lite follow the P30 in the top three traded-in Huawei devices of the past month." For Miller, the drop in trade-ins is down to "the value of the devices depreciating dramatically, losing 75% in just a few weeks." A search across competing sites saw several not offering at all on Huawei devices, with values sharply down where offers were being made. Huawei was approached for any comments on the current state of the resale market and its impact on new device sales, with nothing received at the time of publishing.

Source: Forbes July 04, 2019 09:56 UTC