Apple halts sales in Turkey

Must read

Olive Garden manager fired after demanding staff ‘prove’ their pets have died

One Olive Garden manager’s extreme approach to employee time-off has backfired spectacularly.  The unnamed individual emailed a rant to employees at...

Elon Musk Loses Title of World’s Richest Person After Buying Twitter

Could it be that there are some things more important than money? For Elon Musk, it is appearing...

Washington Post: Shark Week is Racist and Overrepresents Men Named Mike

The Washington Post somehow managed to come up with an article that the Babylon Bee has to be...

Public Libraries Allow Drag Queen Story Time But Not Kirk Cameron’s Book

I remember growing up and hearing kids excitedly talk about new books they had just finished and taking...

US tech giant Apple has suspended sales of its products through its official online store in Turkey, saying prices need revising after a sharp drop in the Turkish currency.

According to Haberturk TV, the company’s Turkish website does not allow users to add products to the cart, with all items carrying a sign “temporarily unavailable.

Read more

Apple gets hit with chip shortage, starts cannibalizing iPads – reports

The company is expected to raise prices to offset the decline in its products’ value due to the fall in the Turkish lira, which plunged to a record low of 13.5 lira per dollar on Tuesday.

As the selling price of Apple products in Turkey includes several taxes and fees, they tend to cost significantly higher than in the United States. However, after the lira dropped some 15%, the situation reversed, which led Apple to halt all sales until it fixes the prices.

The Turkish currency clawed back some of its losses on Wednesday, climbing to 12.6 lira per dollar by 09:19 GMT, marking a 0.8% gain over the previous day’s close. Still, its losses against the greenback stand at 40% this year, with a 19% drop in the past ten days alone.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Olive Garden manager fired after demanding staff ‘prove’ their pets have died

One Olive Garden manager’s extreme approach to employee time-off has backfired spectacularly.  The unnamed individual emailed a rant to employees at...

Elon Musk Loses Title of World’s Richest Person After Buying Twitter

Could it be that there are some things more important than money? For Elon Musk, it is appearing...

Washington Post: Shark Week is Racist and Overrepresents Men Named Mike

The Washington Post somehow managed to come up with an article that the Babylon Bee has to be...

Public Libraries Allow Drag Queen Story Time But Not Kirk Cameron’s Book

I remember growing up and hearing kids excitedly talk about new books they had just finished and taking...

State Dept Paid $275K for Video Game to ‘Counter Disinformation’

By Adam Andrzejewski for RealClearPolicy The State Department spent $275,000 to develop a video game for people 15...