Apple announced App Store prices will go up in various regions around the world, including Europe - here’s what that price hike means.
Apple has announced that App Store prices are about to go up in various regions worldwide. The most notable area is the European Union, which will see price hikes in all the countries that use the euro. Other significant markets will also see similar App Store price changes, including Chile, Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden, and Vietnam.The price hikes will take effect starting October 5th. The changes concern standalone apps and in-app purchases.
Apple explains that the App Store prices will go up in Vietnam following new regulations in the country. The company has to collect and remit applicable taxes: “value added tax and corporate income tax at 5% rates respectively.” Apple only explains the price increases for Vietnam without offering any details about the many other countries that will see higher App Store prices next month.The simplest explanation for the price hike is the current global economy and the strength of the dollar. The dollar reached parity with the euro in late August. As a result, Apple raised prices for hardware in Europe.
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