Posted on 12/16/2014 7:34:14 PM PST by SeekAndFind
Russian customers waiting for Apple's iPhone 6 will have to wait longer.
The Cupertino, Calif., electronics giant on Tuesday temporarily shuttered its online store in the Eastern European country because of the instability of Russia's currency. Apple doesn't operate physical stores in the country, and the company declined to say when it would resume online sales there.
"Due to extreme fluctuations in the value of the ruble, our online store in Russia is currently unavailable while we review pricing. We apologize to customers for any inconvenience," Apple said in a statement.
The ruble has been dropping sharply in recent days following the declining price of oil -- the commodity that props up Russia's economy. Russia's currency lost about 20 percent of its value against the US dollar Tuesday despite efforts by the government to stem the decline.
(Excerpt) Read more at cnet.com ...
How much value does an apple phone lose per year? 20%?
This is getting Hugh and Series! ;)
all these Russians were waiting for their Iphones. now they won't have money to eat,civilization dragged out from under them . all due mainly to the Obama socialist borrowing untold trillions of $ bankrupting the world economy. Europe , Japan ,latin America etc also are going down as we speak.
Might even be getting huge and cereal. ;-)
Most people purchase an iPhone for $199 (with a two year contract). While that might seem expensive, the product yields enormous utility if used on a daily basis (as most people do).
Let's say you are the type of user that upgrades your phone every two years. If so, then that iPhone will only cost you 27 cents per day. Considering how much people use their iPhones, not just for making phone calls but for running apps, checking email, playing games, finding restaurants, getting directions, etc., that 27 cents a day is an absolute bargain. Even when you consider your monthly cell and data charges.
Russia is in Eastern Europe?
iPhones in Europe/Asia, including Russia, are not subsidized by the phone carrier. That means they pay Full Price for the phones.
In China, that same $199 US-carrier subsidized iPhone is $860 USD.
In Russia, they are likely priced in Rubles, meaning the US Dollar equivalent has fallen by a bunch in recent weeks.
It’s either Eastern Europe or Western Asia ... :-) ...
If you want on or off the Mac Ping List, Freepmail me.
Apple raised the price of the iPhone 6 and 6 Plus by 25% last week. . . and the Ruble fell by 19% in just one day, this week. Ergo, Apple ceased sales.
And all the way to Eastern Asia. . . remember, Sarah Palin could see it from her porch, according to Tina Fey.
A use two year old iPhone will sell for $200.00 easy enough, so they are free if you look at it that way, in fact my wife and daughter got $200.00 trade in from AT&T so phone 6 was free.
“This is getting Hugh and Series! “
Naw! It’s mute and irrevalunt!
RE: Russia is in Eastern Europe?
And in Asia too. That’s how big it is.
Compared to other devices, they actually hold their value well. All electronics depreciate, and generally pretty rapidly, but older (working) Apple phones are in high demand in developing economies.
In my case, I hand down the older model of my phone and my wife's to the kids as glorified iPod Touches when I upgrade. In a couple more upgrade cycles, the eldest will probably get his hand-me-down still activated as a phone.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.