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[News] Apple to Cut Down Prices Of Products

[News] Apple to Cut Down Prices Of Products

When it comes to gadget, we all know how expensive it is to purchase products from Apple company as compared to other companies.

This might be coming to an end in some regions as the CEO Apple Company Tim Cook has said that the company is considering cutting down prices of its product.

The CEO says the price reduction will take place only in areas where their currencies have weakened against the US dollar.

As quoted by
“As we’ve gotten into January and assessed the macroeconomic condition in some of those markets, we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas,” Cook told Reuters (via The Next Web).
Speaking on the price difference in various parts of the world Cook says as quoted by
“If you’ve never bought an iPhone outside of the U.S., you may not be aware of just how staggering the price difference is. I’ve been pointing it out over and over and over — it’s hard to justify spending $1,760 for a maxed-out iPhone XS (UK pricing at launch) when the exact same model costs $1,349 in the U.S. And it’s even harder in a country like Hungary, where the price is even higher and the average customer’s purchasing power is far lower than in the U.S.
Yes, a part of the price difference is in taxes, and yes, the U.S. pricing does not reflect local taxes, and yes, Apple has additional distribution costs in markets other than the U.S. But the simple truth is that iPhone prices are too high for many international buyers, and Apple definitely can do something about it. Now, we’ve simply reached the point where the company is willing to address the issue”.
Hopefully,  come September 2019 we will begin to witness changes in the price of Apple products.
Hope you found this information helpful, please leave us a comment. We will love to hear from you.

Ransom Douglas

Am a Blockchain Analyst, Front-end web developer(wordpress), a good song writer, a comic actor, musician and also a blogger. Above all am a son of God.

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