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Apple brings Russian store offline amid wild currency swings

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/apple-brings-russian-store-offline-amid-wild-currency-swings' title="Apple brings Russian store offline amid wild currency swings"><img src='http://www.imore.com/sites/imore.com/files/styles/large_wm_blw/public/field/image/2014/12/apple-store-down-iphone6-hero_1024.png?itok=cLX6reAJ' />[/url]</p> <p>Apple (http://www.imore.com/apple) has announced that its online store (http://www.imore.com/apple-online-store) is currently unavailable in Russia while it reviews pricing. The decision is in response to recent swings in the valuation of Russia's currency — the latest of which has seen the ruble lose as much as 19 percent just today.</p> <!--break--> <p>According to a report by Bloomberg (http://www.bloomberg.com/news/2014-12-16/apple-stops-online-sales-in-russia-over-ruble-fluctuations.html):</p>

<p>"Our online store in Russia is currently unavailable while we review pricing," Alan Hely, a spokesman for the Cupertino, California-based company, said today in an e-mailed statement. "We apologize to customers for any inconvenience."</p>

<p>The move comes after Apple had already increased the price of the iPhone 6 by 25 percent in Russia last month to help compensate for the ruble's volatility.</p> <p>Source: Bloomberg (http://www.bloomberg.com/news/2014-12-16/apple-stops-online-sales-in-russia-over-ruble-fluctuations.html)</p> </div></div></div><div id="comment-wrapper-nid-28971"></div><img width='1' height='1' src='http://tipb.com.feedsportal.com/c/33998/f/616881/s/41815ca5/sc/24/mf.gif' border='0'/><br clear='all'/>

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