November 28, 2021
1 min read

Apple sales resume in Turkey

Apple has also significantly increased the price of all of its products in the country as a result of inflation….reports Asian Lite News

Apple recently closed its business in Turkey due to concerns about the sharp drop in the exchange rate of the Turkish lira and now a new report has claimed that the iPhone maker has resumed sales of products in the country.

According to MacRumors, Apple has also significantly increased the price of all of its products in the country as a result of inflation.

Customers purchasing the iPhone 13 Pro in Turkey will now be charged 19.999 TL, up from 14.999 TL earlier this week, the Apple Watch Series 7 at 5.399 TL, up from 4.399 TL, and AirPods Pro at 3.599 TL, up from 2.899 TL.

The Turkish lira crashed to a record low of 13.44 to the dollar earlier this week.

The Turkish lira is currently equivalent to approximately $0.078. It has depreciated by nearly 40 per cent this year and 20 per cent in the last week alone. In the past year, the lira has fallen by 45 per cent against the US dollar.

Turkey’s currency has been in a downward slide since early 2018 due to geopolitical tensions with the West, current account deficits, shrinking currency reserves.

There is no word on when Apple might resume sales in Turkey. Meanwhile, the inflation rate is close to 20 per cent, dramatically increasing the price of goods.

ALSO READ: Turkey challenges Russia, pushes into Central Asia with Organisation of Turkic States

ALSO READ: Turkey’s role in terror finance needs close watch

Previous Story

Plight of Afghan Journalists under Taliban

Next Story

Twitter getting ready for ‘Reactions’

Latest from -Top News

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,

EID MUBARAK!

UAE marks Eid Al Adha with housing support, children’s gifts, pardons, and cultural celebrations, reflecting a national spirit of compassion, unity, and shared community values Across the UAE, Eid Al Adha is
Go toTop

Don't Miss

Turkish tourism rebounds after years of losses

Volkan Yorulmaz, a board member of the Professional Hotel Managers

Turkey presidential runoff poll on May 28

After the second round of polls between Erdogan and Kilicdaroglu