Used handset sellers expect panic selling of Huawei phones

NEW DELHI: Second-hand handset sellers expect panic selling of Huawei smartphones as the news of the withdrawal of Android support for the company’s new devices spreads, which is likely to lead to a sharp fall in their resale value as well.

Speaking to ET, OLX said as things stand, supply of Huawei smartphones on OLX is expected to reduce and the user demand to decrease.

“We expect some panic selling to take place as users will most likely sell their existing Huawei phones and switch to other brands,” a spokesperson from OLX, a leading online platform for buying and selling second-hand goods, told ET

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