Apple’s iPhone apps get expensive quickly, and tech giants quickly raise the prices of their applications. Apple has announced a price increase for apps and in-app purchases (excluding auto-renewing subscriptions) in the Apple App Store. The company said he’s been increasing app prices since February 13, but Apple is only increasing app prices in a few countries, including the UK, Colombia, Egypt, Hungary, Nigeria, Norway, and South Africa. Indian users need not worry.
“Regularly, we update App Store prices for specific regions based on changes in taxes and foreign exchange rates,” the tech giant said in a blog post.
“This is done using publicly available exchange rate information from financial data providers to ensure app and in-app purchase pricing remains uniform across all storefronts,” it added.
It’s also worth noting that the company has cut prices in some regions.In Uzbekistan, the price of Apple apps will be reduced, reflecting a reduction in the VAT rate from 15% to 12%.
The iPhone maker also announced no changes to App Store prices in Ireland, Luxembourg, Singapore and Zimbabwe, but earnings will be updated to reflect tax adjustments.
In addition, by the end of this month, revenue will increase for local developers selling in Cambodia, Kyrgyzstan, Indonesia, Singapore, South Korea, Tajikistan, Thailand, and Uzbekistan.
“And as previously announced, in Spring 2023, upgraded pricing capabilities for apps and in-app purchases will provide 700 additional price points and pricing flexibility per storefront. , can manage foreign exchange rate changes independently of globally equalized prices,” said the tech giant. (including input from IANS)