News

Russian Apple Online Store Reopens

Bloomberg says that Apple has reopened its online store in Russia after those insane fluctuation in the country’s currency. The store now lists products at prices 35% higher.

“An iPhone 6 with 16 gigabytes of memory now costs 53,990 rubles ($956), Apple said today on its Russia website. The previous official price was 39,990 rubles,”

A certain number of economic sanctions have been placed on Russia in the past year following its decision to annex Crimea. This has of course led to a number of issues with the Russian economy, such as the recent and “extreme” fluctuations in the country’s currency. As a result, Apple effectively closed its online store in the country on December 16th.

The company took the decision following what it described in a statement to Bloomberg as “extremely sharp” fluctuations in the currency.

Source: Bloomberg

Ryan Simmons

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