Apple Inc. said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some countries in Asia and South America.
The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5, Apple said in a blog post.
The US tech giant periodically adjusts its prices in different regions and reduced prices for euro zone countries last year to adjust for currencies and taxes, dropping starting prices for many apps to 99 euro cents from 1.09 euros, Reuters reported Tuesday.
The latest price rise increases those starting prices to 1.19 euros.
A rapid rise in inflation, interest rates and energy prices this year has hammered the yen, the euro and most emerging economy currencies. The euro has dropped to two-decade lows this year and has been languishing around parity against the dollar for weeks.
Apart from eurozone countries, the price increases will hit Sweden and Poland in Europe; Japan, Malaysia, Pakistan, South Korea and Vietnam in Asia; and Chile in South America.
For some countries like Vietnam, the price increase was due to new regulations relating to collecting tax from consumers, Apple said.
Revenue from Apple’s services business, which includes the App Store, has been growing at a rapid pace in the last few years and now hovers around $20 billion per quarter.
UK proposes sweeping SM ban for under-16s; WhatsApp exempted
Jio Platforms in global top20 of WIPO patent alliance list
Govt notifies expanded list of sports events of national importance
Vaishnaw urges Prasar Bharati to keep pace with tech changes
UP CM Yogi Adityanath launches Project GANGA
Trailer of ‘Pritam and Pedro’ released ahead of July 3 premiere
‘Khatron Ke Khiladi 15’ secures record 11 sponsors ahead of launch
News18 India to host fourth edition of ‘Amrit Ratna’ on June 17
AVIA’s CAP study warns of rising cyber risks linked to piracy services
Peter Serafinowicz joins HBO’s Harry Potter series as Peeves 


