Not available: Why Apple products have gone out of stock in Turkey

Asia's Tech News Daily

iPhones,Apple,Black Friday
ISTANBUL: Turks attempting to buy iPhones and other electronics received online error messages on Wednesday, including from Apple Inc’s local website, after a historic 15% plunge in the lira the day before caused havoc for prices.
The currency slipped back towards its record low on Wednesday, driven by worries over broader fallout for the economy after President Tayyip Erdogan defended recent sharp rate cuts despite widespread criticism and calls for a reversal.
The lira has lost 43% of its value this year and more than 22% since the beginning of last week alone.
In turn, goods priced in the local currency have seen an effective sharp discount compared to prices elsewhere, with retailers struggling to keep up with price adjustments amid the market turmoil.
A Turkish spokesperson for Apple was not immediately available to comment.
Apple’s Turkish website stopped sales of most products, displaying a “Not currently available” message, a Reuters query showed. The local prices of phones and computers were some 10% below U.S. prices following the sudden depreciation in the lira.
A sales representative at an Istanbul Apple store said people were thinking of electronics as an investment as much as items to use.
“It is pretty surreal with the economy and all, but people see it as a store of value and flock to stores. They know they’ll be able to sell it a year later for more than what they paid,” the person said, requesting anonymity.
Customers were flocking to upmarket import brands, primarily electronics and cosmetics, a Turkish e-commerce company official said.
The lira’s meltdown coincides with Black Friday sales and the start of new-year discounting, stoking fears that some consumer goods would not be available or face big price hikes.
“Most marketplaces are asking their big sellers to keep the prices steady and refrain from increases, at least during the discount week. As both the sellers and the marketplace need each other, sellers oblige,” an e-commerce official based in Istanbul told Reuters.
Caner, a graphic designer in Istanbul in the market for an electric scooter, said: “It is the worst time to spend money, but there won’t be a better time. Prices may look expensive now, but they are cheaper than what they’re going to be next week.” (Editing by Jonathan Spicer, Kirsten Donovan)

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Why Microsoft avoided antitrust scrutiny that plagued other tech giants in 2021

The Big Tech reckoning gained momentum in 2021, as U.S. regulators accused behemoths like Google and Facebook of abusing their market power to gain an illegal edge over competitors. But ... Read more »

10-year-old fidget toy maker set to retire by age 15

10-year-old fidget toy maker set to retire by age 15 A 10-year-old entrepreneur from Australia – who has a toy and hair accessory empire – is set to retire by ... Read more »

Microsoft is Yahoo Finance's Company of the Year 2021

Microsoft (MSFT) has had a stunning year. After nearly 50 years in business, the tech giant crashed through the $2 trillion market capitalization mark in June, joining an exclusive club ... Read more »

Coronation Street's Roy Cropper actor to make a Christmas comeback

David Neilson playing Roy Cropper in Coronation Street credit:Bang Showbiz David Neilson is set to return as Roy Cropper in a dramatic Christmas 'Coronation Street' comeback just weeks after exiting ... Read more »

Amanda Owen makes very candid comment about family 'difficulties' in new interview

Our Yorkshire Farm star Amanda Owen has opened up about facing “difficult moments” in a new interview with Lorraine Kelly. MORE: Amanda Owen's fans jump to her defence after she ... Read more »

Reintroducing masks in England may be met with resistance – here's how the government can overcome it

Richard M Lee/Shutterstock There are fears that the new omicron variant of the coronavirus could be the most transmissible form of the virus yet, so infection control measures are being ... Read more »

This new Toshiba 4K TV is the first Amazon Fire TV to feature local dimming

Toshiba has announced its latest 4K flagship, the M550KU Fire TV, which the company says will the first Amazon Fire TV to feature local dimming, with up to 48 dimmable ... Read more »

US military officially confirms action against ransomware groups

Tackling ransomware operators in the US is no longer just a job for the police, but the military and national intelligence officers and spies, government officials have revealed. Speaking to ... Read more »

How to 'force restart' your phone: Talking Tech podcast

Hit play on the player above to hear the podcast and follow along with the transcript below.This transcript was automatically generated, and then edited for clarity in its current form. ... Read more »

[Exclusive] Future K2 tanks could run on homegrown transmission

K2 Black Panther main battle tank (Hyundai Rotem) The next batch of South Korea’s K2 Black Panther main battle tanks are expected to run on an locally-made transmission system instead ... Read more »

Realme 9i key specifications detailed; Could feature 90Hz Display, Snapdragon 680 SoC

The Realme 9 series is slated to drop in January 2022. We previously reported that the company will introduce at least four smartphones in the Realme 9 line-up. Now, one ... Read more »

Microsoft 365 is seriously late to the party with this important hybrid working feature

Avoiding embarrassing meeting snafus could soon be a lot easier thanks to a long-awaited new update from Microsoft 365. The software suite has revealed that users will finally be able ... Read more »

Cryptocurrency: Hackers steal $150m from platform BitMart after 'large-scale security breach', company says

The company has suspended withdrawals following the breach. Read more »

These Are The Last Christmas Posting Dates For 2021

(Photo: Sergio Amiti via Getty Images) The festive lights have been turned on and the mince pies are out in full force, which means one thing: it’s time to send ... Read more »

Euro 2020 and sea shanties among TikTok's highlights of the year

Cats, sea shanties and Euro 2020 were among the biggest trends on TikTok in the UK during 2021, according to figures from the video-sharing platform. The social media giant’s annual ... Read more »

Looking for a holiday gift? The new Nintendo Switch is 'worth the upgrade' — plus more hot tech finds from Best Buy

Looking for more of the best deals, sales and product recommendations? Sign up for Yahoo Lifestyle Canada’s newsletter! Shoppers say the Nintendo Switch OLED Model is “worth the upgrade.” Yahoo ... Read more »

D-Link R15 Eagle Pro AI AX1500 router launched in India

D-Link has launched its all-new R15 Eagle Pro AI AX1500 smart router in India. The company has priced the router at Rs 3,299 in the country and it is available ... Read more »

US-China tech war: semiconductor links across Taiwan Strait faces political headwind

The long-standing bond between mainland China, the world’s second-largest economy, and semiconductor powerhouse Taiwan faces its stiffest challenge in decades amid increased cross-strait tensions and growing friction between Beijing and ... Read more »

Fauci says early data on the Omicron variant is 'encouraging' but we don't yet truly know how deadly it is

Dr. Anthony Fauci.AP Photo/J. Scott Applewhite, Pool Dr. Anthony Fauci said Sunday that South Africa's initial data on Omicron is “a bit encouraging.” However, the top US medical doctor said ... Read more »

Android 12: Si tu teléfono muestra un icono de cámara o micrófono, puede que alguien te esté espiando

© Google Pixel 6 pro material tu El último sistema operativo de Google, Android 12, tiene una función clave para asegurarse de que personas malintencionadas no accedan a la cámara ... Read more »

Apple VR headset is primed for gaming – but can it compete with Quest 2?

The Apple VR headset has been rumored for years now, and with the device launch possibly coming in 2022, speculation about the specific focus and capabilities of the device are ... Read more »

Final Fantasy 14 Endwalker players will get free game time following rocky launch

Final Fantasy 14 Endwalker launched just a few days ago on December 3, 2021, and the new expansion represents the culmination of a decade of experience and storytelling for Square ... Read more »

Private space stations are coming. What can tourists expect?

A new era of space stations is about to kick off. NASA has announced for development, joining an earlier proposal by Axiom Space. These proposals are the first attempts to ... Read more »

Google is testing a design change for its Search app

Google has been introducing new features and designs for its apps to match its look and feel with the Android 12 user interface. Now, the company is reportedly working on ... Read more »

Cybercriminals flood online forums with malicious Microsoft Excel files

Websites with contact forms and comment sections, as well as discussion forums, are being used to distribute a known password-stealing malware through a compromised Microsoft Excel file. According to a ... Read more »

Today is the last day you can download a forgotten Harry Potter mobile game

If you haven’t already tried out Harry Potter Wizards Unite you don’t have much time left to do so, because the augmented reality game (ARG) for mobiles is only available ... Read more »

Amazon's Audible is giving over 100 free audiobooks on Alexa

Amazon-owned Audible has made over 100 audiobooks completely free of cost on Alexa, which can be accessed on the Amazon Echo and Fire TV range and other Alexa built-in devices. ... Read more »

Big North Carolina factory likely to be Toyota battery plant

The Associated PressToyota vehicles are displayed at the AutoMobility LA Auto Show Thursday, Nov. 18, 2021, in Los Angeles. (AP Photo/Marcio Jose Sanchez) RALEIGH, N.C. — North Carolina government officials ... Read more »

Why the UK shouldn't introduce mandatory COVID vaccination

As coronavirus infections surge across Europe, and with the threat of the omicron variant looming, countries are imposing increasingly stringent pandemic controls. In Austria, citizens will be subject to a ... Read more »

5G revenues will reach $600m by 2026

5G networks will account for three quarters (77%) of global mobile operator revenues by 2026, with demand for consumer and businesses services driving adoption. A report from Juniper Research predicts ... Read more »

Qualcomm may have a ‘plan' for handheld gaming devices

The advent of smartphones have more or less made handheld gaming devices rather redundant. Unless you are a ‘fan’, handheld gaming devices these days don’t find too many takes. The ... Read more »

Leica M11 leak reveals controversial design tweak for rangefinder camera

Some new leaked images of the upcoming Leica M11 rangefinder camera appear to confirm it’ll have what would be, for Leica fans at least, a polarizing new design tweak. Leica’s ... Read more »

Garmin Fenix 7: release date rumors, news, and what we want to see

The Garmin Fenix 7, the next instalment in Garmin’s line of flagship running watches, is expected to land some time in 2022, and although the company itself has yet to ... Read more »

BioShock 4 will take us back to a familiar time period, according to reports

New details on BioShock 4’s setting have reportedly been leaked, claiming that the next title in the first-person shooter series will take place in a fictional Antarctic city during the ... Read more »

Apple M1 Max chips could be stacked together to create monster 40-core processor

New images of Apple’s latest silicon appear to hint at the possibility of connecting multiple M1 Max chips together to create an extremely powerful multi-chip module (MCM), which would be ... Read more »

PSVR 2 patent shows off Sony's next-gen VR controller from every angle

While we’ve still yet to see Sony’s PSVR 2 headset itself, the controllers for the PS5’s virtual reality device have already been revealed. However, a recently uncovered patent for the ... Read more »

Le Black Friday a marqué le pas en France

Malgré l’offensive publicitaire des marchands, il semble que l’édition 2021 du Black Friday ait moins séduit les Français. Selon les chiffres de GfK, les consommateurs ont dépensé 784 millions d’euros ... Read more »

Astronomers decode why our Solar System is shaped like a croissant

BU-led scientists say the protective bubble around the solar system is shaped like a croissant (Image courtesy of Opher, et. al) Hydrogen particles slamming into the Solar System from outside ... Read more »

Chromecast with Google TV's best feature is being delayed

One of the most useful and anticipated Chromecast with Google TV features, that being individual user profiles, has now been pushed back into next year, Google confirms. Due to release ... Read more »

Does vaping really damage DNA and increase the risk of cancer?

Vapers experience DNA changes, according to a recent paper published in Nature, and the changes are similar to those seen in smokers – although much less pronounced. Crucially, this evidence ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic