In an atypical move for Hikvision, Hikvision UK is raising prices, claims range from 6 to 12%.
For example, discussed in this LinkedIn post:
A Hikvision employee in that thread says that distributors asked for this:
The rise in price is actually by request of the distributors due to changes in GBP exchange rate vs the dollar, all their purchases are made in dollars and therefore margins have dropped recently, this is a uniform adjustment in their sell prices to bring that back in line.
That is fascinating. Usually, distributors request lower prices...
Another post on IPCamTalk from a Hikvision distributor says:
As of September 1st all hikvision products will be increasing in price by a 10 to 12% across all product ranges this is due to the £ falling in value against the $.
Looking at the GBP / USD exchange rate, the GBP has actually strengthened since earlier last year so not clear why now is the time to boost prices.
One thing for sure, this is another sign that the race to the bottom and the steep fall in pricing in the past few years has ended.
Thoughts?
