City
Epaper

Apple halts online sales in Turkey after currency crash

By IANS | Updated: November 24, 2021 15:00 IST

Ankara, Nov 24 Apple has temporarily stopped selling products to customers in Turkey as the Turkish lira continues ...

Open in App

Ankara, Nov 24 Apple has temporarily stopped selling products to customers in Turkey as the Turkish lira continues to crash.

According to CNBC, the Turkish lira crashed to a record low of 13.44 to the dollar on Tuesday.

While the online Apple Store remains available for customers in the country, Apple is not accepting any new orders in Turkey, not allowing shoppers to add any items to their digital shopping bag. The website reports nearly all devices as unavailable.

Apple has not announced an official halt to sales.

The value of the Turkish lira has dropped 45 per cent compared to the US dollar over the course of the year.

A Turkish lira is equivalent to approximately $0.078 at the current rate, and its value has been steadily falling since last week.

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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: appleTurkeyAnkaraCnbcSupport companyApple educationApple app storesStoreApple india store onlineIhha
Open in App

Related Stories

InternationalIraq Resumes Oil Exports via Kurdish Pipeline Amid West Asia War and Supply Crisis

MumbaiApple Opens Second Mumbai Store at Sky City Mall, Borivali; Expands Retail Presence in India

InternationalTurkey Plane Crash: Pilot Killed After F-16 Jet Crashes During Patrolling Near Balıkesir

Social ViralTurkey: Quick CPR Saves Bird's Life After Goalkeeper Accidently Hit Seagull With Ball in Istanbul

MumbaiMumbai Airport Busts Fake Seaman Racket, Four Indians Arrested Trying to Fly Abroad

Technology Realted Stories

TechnologyGovt launches programme to train scientists in Governance under Mission Karmayogi

TechnologyIran records world’s longest nationwide internet shutdown amid ongoing conflict

TechnologyAnother India-flagged tanker Green Asha crosses Strait of Hormuz amid tensions

TechnologyS. Korea urges GCC nations to bolster supply chain cooperation

TechnologyCII seeks more fiscal, monetary sops for industry amid Iran war crisis