Headquartered in Cupertino, California, Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Steve Jobs, Steve Wozniak, and Ronald Wayne founded Apple in April 1976. From then till the present, The company slowly and increasingly became a tech giant. According to recent reports, Apple is likely to hike the prices of its apps and games. Want to know why? Do read till the end.
Hike Of Prices by Apple
On iPhones and iPods, the App Store is the only way to get apps and games. Therefore, it tends to affect all the consumers whenever a minor change occurs on the platform. One of the main reasons why Apple is facing an anti-trust case for it is this. That being said, as a direct result of tax hikes and foreign exchange rates, the latest change is on its way to the App Store for all of these nations. The names of the nation are as follows-
- South Africa
Why are the prices being Hiked by Apple?
The reasons for the hikes in prices are different when different countries are compared. Somewhere out the changes of law or amendments in them while in the other the reasons are again different. For Instance, if we talk about India so In India, in addition to the current 18 percent GST (Goods & Services Tax), prices are rising due to the new taxation surcharge of 2 percent. While the changes will be made in Indonesia as a direct result of the new 10% value-added tax for development companies premised outside the nation.
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It is worth mentioning that iPhone-renewable subscriptions will not be affected by the changes. In addition, Apple often points out that prices in Iceland and Albania will also be revised. However, it is not quite certain, in these countries, the final price will increase or decrease. In the near future, the new prices for games and applications in
the Apple Apple Store as well as in-app purchases will be pushed out.