Of money
Smartphone in pounds: Why can the Turks not buy an iPhone?
The pound has fallen 15 percent in the past day and 22 percent overall since the beginning of the week, causing consumer electronics prices to plummet.
Apple has reacted by canceling iPhone sales until the situation stabilizes: "At the moment the Turks are thinking of buying products as an investment"
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Turkey
Walla!
Of money
Wednesday, 24 November, 2021, 16:12 Updated: 16:42
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If you want to buy an iPhone, you better not be a Turkish citizen.
The Turkish lira, which is still in the lows, has fallen by 15% in the last day, a collapse that was described as "historic" and added to the decline of the currency, which has lost 43% since the beginning of the year, half of them in the last week only.
Although today (Wednesday) there was a slight recovery, but there are those who do not take risks - for example Apple and other electronics companies.
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Not worth a pound.
Change stand in Istanbul (Photo: ShutterStock)
The good news is for tourists staying in Istanbul and being able to get more for the money exchanged at local shops, but not for Turks.
Residents who entered Apple's online store yesterday came across an "unavailable" message on iPhones.
Because of the currency slump, devices have become 10% cheaper compared to U.S. prices.
An Apple representative in Istanbul said that the motivation of customers to purchase electronics is not due to the desire to use them right now. "They more see it as an investment.
They know they can sell at a higher price than they bought. "Apple declined to comment officially.
Meanwhile, President Recep Tayyip Erdogan defends economic policy and claims he is taking the right steps" in our economic war of independence. "He said:" I oppose all A policy that will bind us and weaken the economy, will promote citizens to unemployment, hunger and poverty. "
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