Wednesday, December 17, 2014

Apple halts iPhone, iPad online sales in Russia

Apple said it had halted online sales of iPhones, iPads and computers in Russia as the ruble’s plunge made it difficult for sellers of imported goods to fix local prices.

The US consumer electronics giant suggested the halt was only temporary and only related to the country’s currency crisis, which has seen the ruble plummet 20 percent against the dollar this week and about one-third in a month despite Moscow’s attempts to defend it.

“Due to extreme fluctuations in the value of the ruble, our online store in Russia is currently unavailable while we review pricing. We apologize to customers for any inconvenience,” a company spokeswoman said.

Overnight Monday the Central Bank of Russia ratcheted up interest rates from 10.5 percent to 17 percent to stem the outflow of currency from the country.
SOURCE: FirstPost

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