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Brexit Britain: Microsoft hikes prices by 22%

'Hard' Brexit speak pushes bruise to 31-year low

Microsoft products are about to get a whole lot some-more dear for U.K. buyers.

The U.S. tech organisation announced cost increases on Monday that will boost a cost of some products by 22% following of a steep dump in a value of a pound.

The increases, that will take outcome on Jan. 1, 2017, request usually to Microsoft’s (MSFT, Tech30) business customers.

Other tech companies have lifted prices in a arise of a Jun 23 EU referendum. But Microsoft’s boost is incomparable than that of rivals including Apple (AAPL, Tech30), HP (HPQ) and Dell, that have all increasing prices by roughly 10%.

Chinese smartphone builder OnePlus also hiked a cost of a OnePlus3 indication by 6.5%.

The bruise has forsaken some-more than 18% opposite a dollar given British electorate chose to leave a EU.

Its decrease has harm companies that make income in Britain though news gain in other currencies. Tech companies are generally exposed since many of a components used in their products are labelled in dollars.

Related: Brits are profitable some-more after Brexit vote

Microsoft pronounced a new pricing will request to all business business — including those in a open sector.

It’s a change that could infer dear to a U.K. government, that considers Microsoft one of a “strategic suppliers.”

The supervision does not exhibit a sum value of a contracts with Microsoft, since opposite departments make their possess deals. But a association is elite retailer of program to a U.K. open sector.

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