Due to a huge drop in the Turkish lira exchange rate, Apple has decided to stop selling all of its products in Turkey – albeit temporarily.
No more Apple products in Turkey
Since the beginning of the year, the Turkish lira has lost a whopping 45 percent of its value against the U.S. dollar, including a full 15 percent in just one day, according to President Tayyip Erdogan.
That’s reason enough for Apple to stop selling its products in Turkey. The Turkish Apple Online Store is currently still accessible and offers information on its own products, but no more devices or other accessories can be added to the shopping cart.
It is currently unclear when Apple will resume business in Turkey. Presumably, the company is waiting until the lira regains value in order to be able to offer its own products around iPhone, MacBook, iPad and Co at a higher price – analogous to the euro and US dollar prices.
Low prices in Turkey
The iPhone 13 was offered in Turkey for 11,999 Turkish liras, the equivalent of just 838 euros. In this country, 899.00 euros are called for the smartphone.
Inflation in Turkey is around 20 percent in 2021, which, in combination with the falling value of the country’s own currency, has a massive negative impact on the purchasing power of its inhabitants. According to news agency Reuters, the Turkish lira is the world’s currency that has lost the most value since the beginning of the year. Reasons are economic experiments of the president, which are grossly negligent.