OnePlus Reportedly Plans to Exit US and Europe

OnePlus Reportedly Plans to Exit US and Europe

OnePlus Reportedly Plans to Wind Down US and Europe Operations OnePlus reportedly plans to wind down its operations in the United States and Europe this week as the Android phone maker faces a broader corporate restructuring at parent company Oppo. The reported move comes amid rising consumer electronics prices and slower demand for new purchases. OnePlus is also expected to wind down operations in India, one of its biggest markets outside China. OnePlus Shops in the US and Europe Reportedly Set to Close According to a report from Bloomberg, OnePlus plans to shutter its shops in the United States and Europe as part of a corporate rejig at Oppo. The report cited a source familiar with the matter, saying the company will wind down its U.S. and European operations this week. The reported restructuring also extends to India, where OnePlus has established one of its biggest markets outside China. The move would mark a significant change for a smartphone brand that built its reputation by offer…