One Plus has decided to reverse a significant price hike for its Watch 3 smartwatch, increasing the price from its debut of $499.
The device will now be sold for $349.99, a 52% reduction from its initial price, which the company stated was due to “current market conditions”
The new price is a slight increase from the initially planned $329.99, however, the firm claimed this was now the “final MSRP price” which would not be changed going forward.
Anyone who purchased the watch at the increased price will be contacted by customer services and refunded the difference.
It is thought the initial price hike was a result of President Trump’s high tariffs on imports from China to the US.