Apple re opens its online store in Russia , adjusts pricing

Last week , Apple pulled its online sales out of Russia as a response to the collapsing Ruble . Russia's currency has been hitting a all time low and in response Apple could no longer maintain its profit margin if products were to sell at pre-collapse prices , therefore the California based tech company suspended its sales until they could sort (increase) the retail prices of their products . The new retail price of a entry level 16GB iPhone 6 is priced at 53990 Rubles ($995) which is a 355 increase from the previous 39990 Rubles ($737) ,The new app store -app prices were also adjusted accordingly .

Source - ZDNet

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