Home TRENDING APPLE TO RAISE APP STORE PRICES

APPLE TO RAISE APP STORE PRICES

The higher costs, excluding subscriptions that automatically renew, will take effect as of October 5, according to a blog post by Apple.

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Apple will increase App Store costs in several nations, including Pakistan.
According to Apple, new rates, excluding subscriptions that automatically renew, will go into effect on October 5.

Image Source: The News

Bengaluru: Apple Inc. said on Tuesday that starting in select countries in Asia and South America as well as the whole eurozone, pricing for applications and in-app purchases would increase on its App Store.

The higher costs, excluding subscriptions that automatically renew, will take effect as of October 5, according to a blog post by Apple.

The US software giant frequently modifies its prices in various places; this year, it decreased costs for nations in the eurozone to account for taxes and exchange rates, bringing many applications’ beginning prices down from 1.09 euros to 99 cents.

This beginning pricing now cost 1.19 euros due to the most recent price increase.

The yen, the euro, and the majority of developing country currencies have all suffered this year due to a sharp increase in inflation, interest rates, and oil prices. This year, the euro hit two-decade lows and has been stuck at or near parity with the dollar for several weeks.

In addition to the nations in the eurozone, Sweden, Poland, Japan, Malaysia, Pakistan, South Korea, and Vietnam will all see price hikes, as well Chile in South America.

According to Apple, the price hike for some nations, such as Vietnam, was brought on by new rules governing the taxation of customers.

To lessen reliance on its bestselling devices, Apple, which unveiled its newest generation of iPhones earlier this month, has been growing its services business.

The App Store is a part of Apple’s services division, which generates revenue.

For the past few years, it has been expanding quickly and currently averages over $20 billion every quarter.

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