As per reports, Apple Inc. (AAPL) has hiked prices by nearly a fifth the cost of its flagship iPhone phone in Japan, which is struggling with a weakening yen currency and rising inflation. The entry-level iPhone 13 now costs ~117,800 yen (~$870) compared to 99,800 yen previously, as per Apple’s website.
With the dollar up 18% against the yen year-to-date, the higher cost of the iPhone, which dominates Japan’s smartphone market, comes as a pinch to consumers’ wallets already being squeezed by price hikes for daily necessities. Apple did not comment on the matter.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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