Apple App Store prices are set for increase as currencies weaken in comparison to the strong US dollar. Apple has claimed that starting from next month App Store prices would be raised in selected Asian and European markets. Starting on October 5th, the price increases will apply to both standard apps and in-app purchases within the App Store.
Countries like Sweden, South Korea, Chile, Egypt, Malaysia, Pakistan, Vietnam, and Japan are about to be hit by the price hike Apple is introducing. The price increases will have an impact on all nations that use the Euro. Next month when the new App Store prices kick in, all Euro markets— except Montenegro—will see a 20 per cent increase in the base app price from €0.99 to €1.19 per download. The increases include over 30% in Japan, where the yen has fallen to a fresh 24-year low compared to the dollar.
Apple hasn’t specifically stated reasons for the prices increase, however, given that the euro and yen are under pressure from a strong dollar, it is obvious that currency changes, which have been influenced by inflation and growing energy costs, are to blame. According to a report shared by Reuters, Apple adjusted App Store prices from €1.09 app fee to €0.99 last year in order to account for fluctuations in currencies.
The update on the new App Store price increases rolls out shortly after Apple increased the cost of its new iPhone 14 and Apple WatchSeries 8 models in selected international markets. In comparison to the iPhone 13, which had a starting price of £779 last year, the iPhone 14 now starts at £849. Ireland’s iPhone price has increased from €909 to €1,019, and similar price increases can be found in various parts of Europe. The strong US currency, according to analysts, is to blame for the new prices.
Olagoke Ajibola is a creative writer and content producer with an eye for details and excellence. He has a demonstrated history of telling stories for TV, Film and Online. Aside from being fascinated by the power of imagination, his other interest are travel, sport, reading and meeting people.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
