Retail Apple hikes iPhone prices in Japan by nearly a fifth By Reuters July 1, 2022, 6:10 AM Creativer Commons Such widespread hikes are a change for most Japanese following years of stable prices for many products Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer’s entry level iPhone 13 now costs 117,800 yen ($870), Apple’s website showed, compared to 99,800 yen previously. With the dollar up 18 percent against the yen year-to-date, the higher cost of the iPhone, which dominates Japan’s smartphone market, comes as consumers’ wallets are being squeezed by price hikes for daily necessities. Such widespread hikes are a change for most Japanese following years of stable prices for many products. Apple did not immediately respond to a request for comment. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
