OnePlus, the brand that built its name selling flagship-level phones at lower prices, is shutting down its operations in the US and Europe. Bloomberg reported on Wednesday that the shutdown could begin as early as this week, as part of a wider restructuring at parent company Oppo. A spokesperson representing Oppo and OnePlus declined to comment, and the companies had yet to publish an official statement at the time of writing.
Here is what the reports say and what it means for you if you own or plan to buy a OnePlus phone.
What the Bloomberg report says
Bloomberg reported, citing a person with knowledge of the matter who asked to remain anonymous, that OnePlus will begin ceasing operations in the US and Europe “as early as this week.” The report says the move is part of a larger restructuring at Oppo, the parent company formally known as Guangdong Oppo Mobile Telecommunications Corporation Ltd. Per the report:
Realme, another Oppo mobile brand, will exit the China market as part of the same restructuring.
