Tech News and Opinions (by Paul Spain)

Hardware and Software prices to rise 10-20% in NZ and Australia

, posted: 19-Oct-2008 09:28

Due to the drop in value of both Australian Dollar (AUD) and the New Zealand Dollar (NZD) versus the US Dollar (USD) it is anticipated that the price of many products will rise in coming weeks by as much as 20%.

Rates today are as follows:
1 NZD = 0.61 USD
1 AUD = 0.69 USD

The last week has already seen Apple release new MacBooks in the region at prices higher than previous editions - something that's virtually unheard of. IBM and HP have also announced price rises in recent days, and other vendors are expected to follow suit. A letter from IBM to it's channel in Australia indicated virtually immediate across the board rises of 10-20%.

The impact has yet to impact consumer electronics however there is a likelihood of this in areas where the exchange rate changes cannot be offset by falling wholesale prices of goods offshore.

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Comment by Screeb, on 19-Oct-2008 15:11

Interesting that whenever the dollar weakens, prices go up, but when the dollar strengthens, prices stay still...

NZ already pays a "stupid tax" on electronics of about 40%. Most (smallish) consumer electronics can be bought and shipped from overseas individually for less than it costs to buy locally.

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