OnePlus, Oppo Planning to Exit Some European Markets and the UK: Report
OnePlus and Oppo are reportedly planning to exit the European market. The BBK Electronics-owned Chinese smartphone companies are preparing to withdraw their business from key markets of Europe including Germany, France, Netherlands, and the UK according to a report. Both companies halted sales of smartphones in Germany in August 2022 after losing a patent lawsuit with Nokia. The Finnish company accused the smartphone makers of using its patented 5G technology without paying for a license. However, OnePlus and Oppo have not officially confirmed their departure from Europe yet. As per a 36kr.com report (in Chinese) citing people familiar with the matter, Oppo is set to exit Germany and the UK. High costs of sales in the region could be the primary reason for withdrawal. However, macroeconomic reasons including inflation, and the Russian invasion of Ukraine, among others have forced Oppo to pull out its business from Europe as per the report. Both Germany and UK wil...