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
Apple's retail store at the Briarwood Mall in Ann Arbor, Michigan will be relocating to a new space at the mall on Friday, July 31 at 10 a.m. local time, according to a notice on the store's page.
The entrance to the all-new, larger store will be in front of The Lawn, a new outdoor space at the...
Four of Apple's retail stores in the U.S. are moving this month, although all of them will only be a short distance from their existing locations.
Apple Queens Center in Elmhurst, New York already moved to a temporary location in the shopping mall on Friday, July 17 while the existing store is remodeled. Apple did not indicate when the existing store will reopen.
Apple Renaissance at...
There is an "update in progress" at the Apple Park Visitor Center in Cupertino, California, according to a new notice posted on Apple's website.
The building remains open to the public while the work is completed, but the area housing a 3D augmented reality model of Apple Park is temporarily closed.
"Please pardon our appearance while we improve our store," says Apple. "During this time,...
