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Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

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Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#71

Post by noja »

easytiger wrote: post #4
tveita wrote: post #2

"While critics might note that Apple’s price increase is greater than the pound’s loss in value, financial analysts predict that the market still hasn’t fully priced in the cost of Brexit — that is to say the pound still has further to fall." So what mechanisms keep the price from instantly dropping if "everyone" agrees it should be lower? Market inefficiencies? Or lots of money betting on an upswing?

> "While critics might note that Apple’s price increase is greater than the pound’s loss in value, financial analysts predict that the market still hasn’t fully priced in the cost of Brexit — that is to say the pound still has further to fall." Someone should probably tell the worlds biggest futures exchange that their forward rate for GBPUSD is wrong then: http://www.cmegroup.com/trading/fx/g10/british-pound.html Me…

GBP/USD is listed as "strong sell" on https://uk.investing.com/currencies/gbp-usd-contracts (right panel)

Earlier today it was "strong buy".

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#72

Post by pjc50 »

rrggrr wrote: post #13

Eurozone debt-to-GDP: 92%. This is BEFORE one considers (a) member country debt, (b) troubled bank liabilities which EU must backstop (eg. Deutchebank), and (c) immense social, security and defense costs which EU nations must incur due to recent global events. By contrast UK debt-to-GDP: 90% and falling, and a US-UK trade deal is likely very soon. I'd rather own Sterling.

The UK has enough troubled bank liabilities of its own (e.g. RBS) and its own social, security and defense costs. None of which go away on leaving the EU and many of which increase since they can no longer be shared.

Debt to GDP does not look falling to me: https://www.ons.gov.uk/economy/governmentpublicsectorandtaxe...

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#73

Post by toyg »

andyjohnson0 wrote: post #49
gaius wrote: post #30

Earlier quoted context omitted.

Not true. Article 50 stipulates the maximum negotiating period, not the minimum. T-May could quite legally declare Article 50, negotiate for a day, then join NAFTA the day after...

Theoretically true, but extremely unlikely in practice. As for the UK joining NAFTA: politically impossible.

> for the UK joining NAFTA: politically impossible.

Maybe not Nafta, but TTIP could probably be signed the day the UK leaves. Whether that's a good thing for the UK... eh.

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#74

Post by antientropic »

gpderetta wrote: post #66
pmyteh wrote: post #65

Earlier quoted context omitted.

According to the text of Article 50, a withdrawing state remains bound by the Treaties (and thus by EU law) until either (1) an exit agreement is made and enters into force; or (2) two years pass after Article 50 is invoked. So the UK can't 'withdraw unilateral whenever it wants' without creating a giant legal problem as its erstwhile partners attempt to enforce its (still extant) obligations.

the UK is sovereign, so it certainly can. The other parties can of course impose sanctions (likely) or go to war (unlikely, hopefully).

Sure, if the UK is willing to violate its treaty obligations, it can do whatever it wants. But the context of the discussion was the legal situation under Article 50.

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#75

Post by systoll »

ensignavenger wrote: post #70
simonh wrote: post #21

Earlier quoted context omitted.

> ...Apple’s price increase is greater than the pound’s loss in value... It's 5% more than the pound's loss in value next to the Dollar. But bear in mind that for the last 6 months Apple has simply swallowed a 20% reduction in their (and developers) UK App Store revenue. Look at it that way and we in the UK have enjoyed subsidized prices for most of the last year.

Do app developers get to set their own prices for foreign app stores? Or are the prices automatically and uncontrollably set by Apple, based on US app store prices?

They're set automatically; but they can be varied manually.

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#76

Post by andyjohnson0 »

toyg wrote: post #73
andyjohnson0 wrote: post #49

Earlier quoted context omitted.

Theoretically true, but extremely unlikely in practice. As for the UK joining NAFTA: politically impossible.

> for the UK joining NAFTA: politically impossible. Maybe not Nafta, but TTIP could probably be signed the day the UK leaves. Whether that's a good thing for the UK... eh.

TTIP is a proposed agreement between the Us and EU. Why would the UK want to ratify it, or even be invited to do so?

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#77

Post by misnome »

dazc wrote: post #46
misnome wrote: post #41

Earlier quoted context omitted.

> Where you get me arguing about the massive drop in the pound I don't know? Because, Apple has changed it's prices because of the drop in the pound? The pound dropped because of Brexit. You said that Brexit wasn't the cause of the price change.

You seem determined to draw me into an argument?

No, but any Brexit discussion is always rife with huge denials and lies.

So when one of the first comments on a report of an actual, verifiable consequence is implying that "This has nothing to do with Brexit and is just lying about it to get clicks", then I think that shouldn't be allowed to just stand on it's own?

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#78

Post by phatfish »

blibble wrote: post #52
misnome wrote: post #27

Earlier quoted context omitted.

Source? Everything I can find says that it is still rising, including several newspaper articles late 2016, but the only data I can find runs up to 2015, including the automatic google-chart: https://www.google.co.uk/publicdata/explore?ds=ds22a34krhq5p... Which has UK increasing, and Germany and the EU decreasing. > and a US-UK trade deal is likely very soon. Again, source for this, other than magical wishful-thinkin…

it will be all but signed, ready to go on the first day there's very little the EU can do to stop it

The UK should read the fine print on such a deal very carefully. Trump has no interest in giving anyone except himself a good deal.

Of course there may not be much room for negotiation given the UK has been successfully burning bridges with the other EU members.

I think they call it "out of the frying pan into the fire".

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#79

Post by Humdeee »

ensignavenger wrote: post #70
simonh wrote: post #21

Earlier quoted context omitted.

> ...Apple’s price increase is greater than the pound’s loss in value... It's 5% more than the pound's loss in value next to the Dollar. But bear in mind that for the last 6 months Apple has simply swallowed a 20% reduction in their (and developers) UK App Store revenue. Look at it that way and we in the UK have enjoyed subsidized prices for most of the last year.

Do app developers get to set their own prices for foreign app stores? Or are the prices automatically and uncontrollably set by Apple, based on US app store prices?

Apple does pricing in tiers. Tier 0 (free) to tier 87 ($1000 USD). You choose a tier which correlates to a fixed price from a drop down menu. These tiers are converted to a localized price through all the stores. The same works for in-app purchases.

Eg: Tier 87 is automatically $1399 CAD, as long as you allow that app to be available in the Canada App Store.

Re: Apple’s UK App Store prices will rise 25% following Brexit currency fluctuations

#80

Post by quotha »

TillE wrote: post #42
quotha wrote: post #32

So the pound is soaring higher this morning.. they will have to cut prices!

So much higher: http://www.xe.com/currencycharts/?from=GBP&to=USD&view=2Y

a 2 year chart!? check the 1 day chart. or ok let's see where it is in another 2 years.
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