Tuesday, September 26, 2023

Apple resumes product sales in Turkey — with a 25% price hike

The Report reports that Apple has resume sales of its products in Turkey, albeit with a 25% price hike. The hike reflects the devaluation of the Turkish lira against the US dollar.

Earlier this week Apple suspended sales from the local online store and apparently some of its retail stores in Turkey. The exchange rate of the Turkish lira against the US dollar has decreased by 80 percent since the outset of the year. Thus, the exchange rate, which was 7.3 TL/USD in January, reached 13.15 TL/USD on November 24 and stabilized at 12 TL/USD yesterday.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.