Apple Temporarily Halts Sales in Turkey After Currency Crash
Apple appears to have temporarily halted sales of devices in Turkey as the country's economic crisis deepened on Tuesday morning. The lira dropped 15 percent after Turkish President Tayyip Erdogan staunchly defended recent rate cuts, reports Reuters.
Right now, Apple's Turkey storefront is up and operational, but no devices are able to be added to a virtual cart or purchased at this time because of the volatility.
A Turkish lira is equivalent to approximately 0.078 U.S. dollars at the current time, and its value has been steadily falling since last week. Over the course of the last year, the Lira has dropped 45 percent vs. the dollar.
There is no word on when Apple might resume sales in Turkey, but inflation is close to 20 percent and with Erdogan continuing to refuse to raise interest rates, the downward slide may continue.
(Thanks, Can!)
Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Popular Stories
Starting today, the AirPods Max 2 are available for purchase at many Apple Store locations around the world, and deliveries to customers have also begun.
Apple's website shows same-day pickup availability at many Apple Stores in the U.S. and abroad.
AirPods Max 2 are equipped with the H2 chip that debuted in the AirPods Pro 2. Compared to the previous generation, the new AirPods Max...
Apple's beautiful Passeig de Gràcia store in the heart of Barcelona, Spain has been temporarily closed for renovations since mid-February, but the location is finally set to reopen next month. The store will resume business on May 26, according to Apple's website.
Apple Passeig de Gràcia
Apple Passeig de Gràcia first opened in 2012, and it is one of the company's flagship retail locations....
Apple Victoria Gardens in Rancho Cucamonga, California will be temporarily closed for renovations starting the evening of Saturday, April 11.
Apple Victoria Gardens in Rancho Cucamonga, California
The store will reopen in the fall, according to a notice on Apple's website spotted by MacRumors reader Kate. No specific date was provided, but Apple will likely aim to resume business ahead of...
