Graphics card prices and Brexit

xsistor · 28 Jun 2016 at 16:37

Anyone expect graphics card prices to increase (sorry, typo) due to the plummeting £?

My GTX 580 died and as my PC is a few years old now (i5 2500k, 8GB RAM, etc.) I'm planning to stick a GTX 1060 in there before giving it to my nephew and then buying a new one. The GTX 970 looks to be slightly slower than the GTX 1060 (or RX480) when that comes out but it's also at a nice price right now (the MSI one being £209.99 https://www.overclockers.co.uk/pc-components/graphics-cards/nvidia/geforce-gtx-970). Wondering if I should jump in now given the situation, or wait.

Mr.E. · 28 Jun 2016 at 16:38

Drop ?

Laputacake · 28 Jun 2016 at 16:40

I'd wait till the 480 is released as even if you don't choose to get it it will push down prices.

styuR · 28 Jun 2016 at 16:40

Sorry to burst the bubble, the prices are going to be going up because of the £ going down.

xsistor · 28 Jun 2016 at 16:41

my bad. Increase

chaparral · 28 Jun 2016 at 16:43

xsistor said:
Anyone expect graphics card prices to increase (sorry, typo) due to the plummeting £?

They have been been increasing bit by bit for the last few days

se_vietboi · 28 Jun 2016 at 16:43

See what the 480 offers tomorrow.

StrongSad · 28 Jun 2016 at 16:48

Gibbo has explained pretty much everything that is needed to be know in this thread....

So yes, they have increased in price...

Laputacake · 28 Jun 2016 at 16:49

chaparral said:
They have been been increasing bit by bit for the last few days

I saw somewhere else that the price of the 480 4GB will be £220 up from the £160 it was supposedly going to be from a rumour.

Gibbo · 28 Jun 2016 at 16:53

Laputacake said:
I saw somewhere else that the price of the 480 4GB will be £220 up from the £160 it was supposedly going to be from a rumour.

That does not compute, yes the falling pound causes an increase but not £160 upto £220, LOL!!! More like £180 !

XeNoNF50 · 28 Jun 2016 at 16:56

Old stock has been paid for already I assume. So those prices should hold. It's the new cards whose prices could fluctuate (increase)

Gibbo · 28 Jun 2016 at 17:07

XeNoNF50 said:
Old stock has been paid for already I assume. So those prices should hold. It's the new cards whose prices could fluctuate (increase)

Nope pretty much all stock is purchased on account basis, 30-90 days.

DougF1 · 28 Jun 2016 at 17:16

Gibbo said:
Nope pretty much all stock is purchased on account basis, 30-90 days.

In my day job We guarantee fixed term at time of order pricing with our suppliers even on 30 day terms, which is then reviewed every quarter.

Either the Vendors are taking you for wally's or someone needs to neg. harder.

Ps. I do our neg. in our business. The above is accurate. Also, surprised OcUK being a major vendor doesn't have such a term in place.

Journey · 28 Jun 2016 at 17:17

Yet if the vote went the other way and the dollar continued to rise above 1.50 to the £, I bet prices would not have dropped!

Gibbo · 28 Jun 2016 at 17:18

DougF1 said:
In my day job We guarantee fixed term at time of order pricing with our suppliers even on 30 day terms, which is then reviewed every quarter.

Either the Vendors are taking you for wally's or someone needs to neg. harder.

Ps. I do our neg. in our business. The above is accurate. Also, surprised OcUK being a major vendor doesn't have such a term in place.

Prices are fixed, IN USD! When we pay for goods, we get the exchange rate given by the bank, today they are giving us 1.31, down from 1.42-1.45 we had PO's placed at......

Raikiri · 28 Jun 2016 at 17:19

The cheapest one (1070) has already gone up £25.

Gibbo · 28 Jun 2016 at 17:20

Journey said:
Yet if the vote went the other way and the dollar continued to rise above 1.50 to the £, I bet prices would not have dropped!

But we did drop prices, we have being offering Palit for over a week £599, for 1080 as was GBP stock, we sold the majority of it today and new GBP stock arrived at nearly £40 more expensive, so far we have only increased our price on that SKU by £20 as were using to try and hold onto NVIDIA's suggested MSRP of £619.99 when product launched a few weeks ago when rates were above 1.40.

P.S. We reduced Maxwell prices, because we own/paid for that stock and we got additional support, OcUK has the cheapest 980Ti and 980 pricing!

Aretak · 28 Jun 2016 at 17:22

The 1070 Phoenix GLH is £56 more than it was on Friday morning.

beany_bot · 28 Jun 2016 at 17:26

Do you not have a dollar account gibbo? When we buy goods from. USA we just buy them in dollars. But then I guess it's easy because we get paid in dollars. So we are never at the mercy of exchange rates.

Gibbo · 28 Jun 2016 at 17:29

beany_bot said:
Do you not have a dollar account gibbo? When we buy goods from. USA we just buy them in dollars. But then I guess it's easy because we get paid in dollars. So we are never at the mercy of exchange rates.

Yes but we don't hold millions in it and right now were turning over around 1.5-2M turnover per week, so even if we did it would be very short lived and we do not just buy VGA in USD, RAM, CPU, SSD and several other products too.

This is way to large scale, checking competitors I see OcUK is still relatively competitive and still has some of the best prices.

It is what it is, more people should have voted in.