What brexit means for UK IT Hardware and Software Costs ?

Brexit has dropped the price of the GBP against the USD to a 31 year low. The United States  is where most hardware and software comes from so this has direct ramifications now on costs in the UK

Time Line 

Dell increases prices by 10% - 6th July

We carefully consider price moves for our customers and partners, and have worked diligently over the past several months to postpone any increases pending the outcome of the EU referendum.”
Our component costs are priced in US dollars and unfortunately, the recent strengthening of the US dollar versus sterling and other currencies in the EMEA region, following the UK’s decision to leave the European Union, will have a direct impact on the price we sell to our UK customers and partners.”

ASUS increase prices by 9% - 19th July

“Unfortunately we are unable to continue to sustain the losses caused by a weaker pound any further, and therefore have no choice to but increase the cost of goods to our partners in line with the value of the pound.”
“This will affect majority of goods shipping from our factory for delivery in Q4 2016. We anticipate this impacting end-customers with an increase on the SRP of around nine per cent on our devices from October onwards.”

HP Prices up by 10% - 1st Augusut

"In order to maintain a sustainable and consistent approach to our operation in the UK and Ireland, we have taken the decision to make some adjustments to our channel-supported and directly-contracted end-user pricing strategy.
"Effective from 1 August, we will be implementing an adjustment of circa 10% across HP's Personal Systems portfolio."

Apple increases prices between 11% and 15% - 7th September

"Apple suggests product prices internationally on the basis of several factors, including currency exchange rates, local import laws, business practices, taxes, and the cost of doing business. These factors vary from region to region and over time, such that international prices are not always comparable to US suggested retail prices.”



Microsoft increase prices up to 22% - 21st October


Effective January 1, 2017, we will be increasing British pound pricing to harmonise prices for enterprise software



Our recommendation to our new and existing customers would be to make sure they take advantages of the prices before the increase and try and purchase equipment for any supplier who hasn't already increased their prices!

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