+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Adobe has become the latest US company to raise its prices in the UK following Brexit

Feb 2, 2017, 16:08 IST

Advertisement
Adobe Creative Cloud/Facebook

Adobe informed its UK and Swedish Creative Cloud customers their monthly subscription charges will be higher from next month, blaming "recent changes in exchange rates" in the region.

It becomes the latest US tech company to raise its prices in the UK, thanks to the recent slump in the value of the pound. AppleMicrosoft, and Tesla are among the other companies to have recently announced price hikes following this summer's Brexit vote, which triggered a huge decline in the pound's value.

Meanwhile, Sweden's Krona fell to a six-year low in October after its central bank gave a cautious outlook on monetary policy - although the currency did begin to rally at the end of January.

Adobe's email to customers links to a help page, which explains: "Currency exchange rates have fluctuated significantly over the last few years. Like many US-based global companies, Adobe is making pricing adjustments in a number of countries to offset fluctuations in foreign exchange rate. Starting on March 6, 2017, the price of Adobe products in the United Kingdom and Sweden will be increased."

The price increase will be effective from March 6. It affects products such as Photoshop, Lightroom, Illustrator, and InDesign, which are used by designers, photographers, and other people working in the creative industries, 

Advertisement

The amount Adobe is raising its prices appears to differ from user to user. People on Twitter were noting their subscription fees had raised anywhere between 10% and 50%.

Adobe did not immediately respond to a request for comment.

NOW WATCH: Watch Budweiser's Super Bowl ad - it makes a strong statement on immigration

Please enable Javascript to watch this video
Next Article