'

Lenovo will soon be increasing their prices in the UK

Lenovo will soon be increasing their prices in the UK

Lenovo will soon be increasing their prices in the UK

Lenovo will soon be increasing their prices in the UK

 

This article was possible thanks to information provided by Kilbane from the OC3D Forums. 

 

Lenovo will soon be increasing their prices in the UK in order to compensate for currency fluctuations post-Brexit, following ASUS, Dell, and HP. 

Below is a statement from Lenovo that was sent to their retail partners and was leaked to the media, stating that the company has reached the limit of what they can do and now a price increase for the UK market is now "unavoidable". 

  

     We have unfortunately reached the limit of what we could do to mitigate this impact and a price increase has now become unavoidable. As such we hereby give notice that from 1 August 2016 all prices expressed in GBP will be increased by 10 per cent.

 

These price increases are due to the recent depreciation in the value of the UK's currency, the British Pound, against the American Dollar. Since most businesses complete their purchases in dollars this recent change in value has caused a huge change in the value of electronics. 

Lenovo will soon be increasing their prices in the UK

 

From August 1st all Lenovo products in the UK will see a 10% price hike, dramatically increasing the costs of buying a new Lenovo PCs. While this move will no doubt decrease sales, Lenovo sees no other option but to raise prices as maintaining their existing prices will take away any of their profits and could potentially make the company lose money on sales in the long term. 

Right now the instability of the pound has already caused an increase in the price of most imports, though right now it is unclear how long this economic instability will last.    

 

You can join the discussion on Lenovo's plans to raise their prices in the UK on the OC3D Forums

 

«Prev 1 Next»

Most Recent Comments

25-07-2016, 13:59:34

notcool
Safety, security, identity, quality of life beats any increase in the prices of tech products, just saying. Just look at what's happening in France and Germany. If any of these companies think people will be concerned by this they're mistaken.Quote

25-07-2016, 14:21:54

barnsley
Quote:
Originally Posted by notcool View Post
Safety, security, identity, quality of life beats any increase in the prices of tech products, just saying. Just look at what's happening in France and Germany. If any of these companies think people will be concerned by this they're mistaken.
Mate, we've had much more security even if we're in the EU. Have you tried crossing the english channel recently? Its much easier to cross land than that splishy splashy blue (ok, brown)thingy. If you do it legally, we also don't take in nearly as many immigrants as either France or Germany. That, coupled with a relatively strong intelligence service, has really saved things for us thus far.

Anyway enough using people's deaths to further political motive.


The 10% across the board from most manufacturers is a bit of a pain. Its not as much of a pain if you don't get a large amount of funding from the EU but for the meantime, it could arguably be worse.Quote

25-07-2016, 14:27:31

RobM
using politics as an excuse for greed is wrong, these companies have sufficient margin to deal with the relative fluctuations of the £, most of them use sweat shops in Asia for manufacturing. Hikes will be countered by lost revenues as they lose customers
Corporations are always greedyQuote

25-07-2016, 14:46:03

SeekaX
Quote:
Originally Posted by RobM View Post
using politics as an excuse for greed is wrong, these companies have sufficient margin to deal with the relative fluctuations of the £, most of them use sweat shops in Asia for manufacturing. Hikes will be countered by lost revenues as they lose customers
Corporations are always greedy
They aren't charging you more, your currency has lost value, they are charging you pretty much the same they did before in dollar. Why would a company cut the UK any slack, you get the exact same treatment anyone else gets.

Quote:
Originally Posted by notcool View Post
Safety, security, identity, quality of life beats any increase in the prices of tech products, just saying. Just look at what's happening in France and Germany. If any of these companies think people will be concerned by this they're mistaken.
Safety, security, quality of life. All the aspects which have been very well developed in germany. What's your point?
Also implying that leaving the EU changes anything about any of those aspects.Quote

25-07-2016, 14:53:25

barnsley
Quote:
Originally Posted by RobM View Post
using politics as an excuse for greed is wrong, these companies have sufficient margin to deal with the relative fluctuations of the £, most of them use sweat shops in Asia for manufacturing. Hikes will be countered by lost revenues as they lose customers
Corporations are always greedy
Actually, unless you are Apple, profit margins on laptops and to some extent desktops are pretty small. We're talking at most about 10% (pre retailers cut) from what I can find. And that was in 2007. Considering the pound is performing a bit 'eh' its reasonable amounts of padding.Quote
Reply
x

Register for the OC3D Newsletter

Subscribing to the OC3D newsletter will keep you up-to-date on the latest technology reviews, competitions and goings-on at Overclock3D. We won't share your email address with ANYONE, and we will only email you with updates on site news, reviews, and competitions and you can unsubscribe easily at any time.

Simply enter your name and email address into the box below and be sure to click on the links in the confirmation emails that will arrive in your e-mail shortly after to complete the registration.

If you run into any problems, just drop us a message on the forums.