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Apple stopped sales in Turkey after the lira crashed 15% in a day

reuters.com

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Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#81

Post by geraneum »

Zenst wrote: post #27

Question is - if/when the lira rises 15% (#1), will Apple respond as timely to adjust prices cheaper? Mindful that companies are quick to point to a reason to increase prices yet when that same reason goes the other way, not so quick (if ever) to adjust down. Is Black Friday sales a thing in Turkey? As can imagine many who would of banked to buy then, only to get hit with the polar opposite in this instance. #1 - (ma…

The Black Friday is definitely a thing in Turkey. It might surprise you that Black Friday is big even in Iran (Turkey’s neighbor).

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#82

Post by ivalm »

pengaru wrote: post #75

Through this lens "supply chain problems" starts looking like a rather convenient scapegoat for preventing consumers from purchasing your wares before their currency becomes realized as worth less and your prices go up accordingly. This is effectively what's happened with my inability to buy an IKEA table for months... it was constantly out of stock, and it's still out of stock, but its price has increased 15% from w…

Except it is the other way around, currency becomes worth less because people are willing to exchange more of it for the same item (eg ikea table). Demand -> inflation.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#83

Post by ChrisClark »

samstave wrote: post #35
qeternity wrote: post #16

Earlier quoted context omitted.

Right, because although the Lira is the most volatile currency, a 15% one day move is a black swan. For bitcoin, it happens every couple of months.

what do you think btc's 'black swan' will be?

China will ban it for the 17th time? (kinda sarcasm, kinda not)

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#84

Post by masa331 »

pengaru wrote: post #75

Through this lens "supply chain problems" starts looking like a rather convenient scapegoat for preventing consumers from purchasing your wares before their currency becomes realized as worth less and your prices go up accordingly. This is effectively what's happened with my inability to buy an IKEA table for months... it was constantly out of stock, and it's still out of stock, but its price has increased 15% from w…

I have a solution for you. Buy a table somewhere else

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#85

Post by lostlogin »

bserge wrote: post #3

Why don't they just sell in Euro/USD? That's what people did a few decades ago a bit further north, when the local currency wasn't trusted (even if it was rather stable). But yeah, inflation in Eastern Europe is pretty bad, and if you voted for a bunch of dumb assholes who don't care about you or the nation, you're multifucked.

> pretty bad, and if you voted for a bunch of dumb assholes who don't care about you or the nation, you're multifucked.

The vote tally and the resulting leader are not necessarily related in these places.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#86

Post by kube-system »

Zenst wrote: post #27

Question is - if/when the lira rises 15% (#1), will Apple respond as timely to adjust prices cheaper? Mindful that companies are quick to point to a reason to increase prices yet when that same reason goes the other way, not so quick (if ever) to adjust down. Is Black Friday sales a thing in Turkey? As can imagine many who would of banked to buy then, only to get hit with the polar opposite in this instance. #1 - (ma…

> if/when the lira rises 15% (#1), will Apple respond as timely to adjust prices cheaper? Mindful that companies are quick to point to a reason to increase prices yet when that same reason goes the other way, not so quick (if ever) to adjust down.

I certainly don’t ask to have my wage lowered in months where inflation is negative. I’m not sure why anyone would ever negotiate against themselves. Apple will lower prices if their customers demonstrate they are not willing to buy at the offered price.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#87

Post by ardacinar »

csomar wrote: post #28
blfr wrote: post #8

Earlier quoted context omitted.

How did Turkey find its way to Eastern Europe?

Half of their "capital" is in Europe. They used to own some of the E.E. countries before the Ottoman fell.

More like two thirds of it, by the way.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#88

Post by mastax »

johaugum wrote: post #62
throwaway4good wrote: post #38

Earlier quoted context omitted.

Is the cost of living (food, rent, price of a coffee at a bar ...) in lira going up at the same pace? Or is the inflation only felt in imported goods suchs computers, gasoline ...

Ostensibly, goods imported and bought with USD will have their prices inflated, while locally produced goods and services should remain more or less unchanged. This also means that exported goods are effectively cheaper for international buyers, so export volume goes up.

This is felt especially acutely because most Turkish debt is denominated in foreign currency (~70%) and the vast majority of trade is as well (I remember 85% but can't find a source). So inflation is felt immediately.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#89

Post by School-Cotton »

csomar wrote: post #79
yusucan wrote: post #43

Earlier quoted context omitted.

No it's not. Istanbul is not the capital, Ankara is.

That's why I put it in quotes. Ankara is the political capital while Istanbul is the financial, industrial, and anything really capital.

A bit like NYC vs. Washington in the US.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#90

Post by FpUser »

kube-system wrote: post #86
Zenst wrote: post #27

Question is - if/when the lira rises 15% (#1), will Apple respond as timely to adjust prices cheaper? Mindful that companies are quick to point to a reason to increase prices yet when that same reason goes the other way, not so quick (if ever) to adjust down. Is Black Friday sales a thing in Turkey? As can imagine many who would of banked to buy then, only to get hit with the polar opposite in this instance. #1 - (ma…

> if/when the lira rises 15% (#1), will Apple respond as timely to adjust prices cheaper? Mindful that companies are quick to point to a reason to increase prices yet when that same reason goes the other way, not so quick (if ever) to adjust down. I certainly don’t ask to have my wage lowered in months where inflation is negative. I’m not sure why anyone would ever negotiate against themselves. Apple will lower price…

>"I certainly don’t ask to have my wage lowered in months where inflation is negative."

1) How often does that happen? 2) This is very hypocritical. People ask for things what benefit them. Why the fuck they should worry about corporations. If corps have problems it is up to them go and "ask".

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