Apple’s iPhone prices bite in Turkey despite Black Friday

The price of the iPhone 13 rose from 11,999 liras (RM4,010) to 14,999 liras (RM5,013), an increase of 25%, which is above the official annual inflation rate of 19.89% in October. — Bloomberg

ISTANBUL: Instead of Black Friday discounts, consumers in Turkey were faced with steep price hikes for Apple products after the value of the lira hit new record lows last week.

Certain Apple devices were 25% more expensive than usual on Nov 26 – with some increases worth more than the local minimum wage.