Alibaba Raises $10.2 Billion to Expand AI Infrastructure 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Countries Tighten Social Media Bans for Children 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
New Zealand Moves to Ban Social Media for Children Under 16 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
New Zealand Labour Backs Social Media Ban for Under-16s 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
Add as a preferred source on Google
Just when everyone thought that the effects of Britain’s decision to leave the EU have waned, something pops up to remind people that the repercussions of the Brexit reverberate until today. One of the most recent examples of this involves the increased price of the “OnePlus 3,” which was a direct response to the devaluation of the pound.
As The Verge reports, the “OnePlus 3” now costs £20 more, rising from £309 to £329 in terms of its retail price. This was a direct effect of the devaluation of the pound after the Brexit. Fortunately, the accessories of the unit won’t get a price increase.
Price increases after the devaluation of currencies is not a new development. Apple has previously had to raise its prices for its products in Japan, Australia, and even Canada in the past. What makes “OnePlus’” decision to increase the price of their latest smartphone notable is the fact that it is the first smartphone company to do so after the Brexit.
Tech Times also points out that the recent delay in the release of the smartphone in the UK might have had something to do with Britain exiting from the EU. “OnePlus” cited reasons such as production issues when it made its announcement, but speculations were already rife that it had more to do with Brexit than anything else.
In a recent official post by the company, “OnePlus” explains what the future of their smartphone is pertaining to the UK market.
"We've seen a downward trend for the Pound against the USD over the past two years," OnePlus writes. "While we've held off action for as long as we can, the sharp drop witnessed in the currency markets following the Brexit decision has forced us to re-evaluate the OnePlus 3's pricing in the UK at a time of significant demand.”
