Apple Halts Online Sales In Russia Due To Currency Fluctuations

By 06:42 Thu, 22 Jul 2021 Comments


According to a report in Bloomberg, Apple has halted online sales in Russia. Extreme fluctuations of the local currency are the reason for the drastic measure.


The nose dive of the Russian ruble, coupled with the massive interest rate increase by the central bank in the country have caused the Cupertino giant to review its pricing. In an email today, Apple spokesperson apologized to customers in Russia for any inconvenience.

Analysts find Apple’s decision to pull back from Russia for the moment as a wise move. All sales the company realizes will need to be converted in dollars and euros, so a depressed rate will significantly harm its bottom line.

Source | Via


DOWNLOAD NOW

DOWNLOAD MUSIC





Related Article

Comment
Name




.....................

Please LOGIN or REGISTER To Gain Full Access To This Article