im buying 3 MacBooks in USA and flying to turkey. Will trade them for gold
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Apple Customers in Turkey Being Turned Away at Retail Stores as Halt on Product Sales Continues
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Funny one of the richest companies in the world stop sales due to a currency fluctuation eg: “can’t take a hit” but you don’t see Apple dropping prices when the exchange rate goes the other way they just keep taking more profit. Omg we can’t miss out on making a few billion profit today. Good old Tim’s Cooking the books again.
exchange rates can flux during the day and wildly. Say your the first customer in the door. And you spend 100 Lira on something (anything). Next hour the price goes up 15%. So the next customer buying the same exact 100 Lira item is now charged 115 Lira. Then another hour goes by and another price hike of say 10% and so on and so forth. Or the reverse. Last customer pays the least. Wouldn't be very fair to anyone in that country.
Better to wait for it to stabilize and not have to deal with any of these price fluxes.
This isn’t just inflation per se, but associated volatility as well; the Lira has been jumping all over the place because no one can discern the state of the Turkish economy. It’s a product of a massive loss a faith in the Turkish government’s economic management and Erdogan’s refusal to acknowledge he doesn’t know enough about economic and monetary policy to make changes by fiat. It’s much more than just the inflation we’re seeing across the globe.
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Course they can, but with complicated epos systems at multiple stores across the country - the software for which is written by a third party, the payment processing of which is handled by banks - it’s not something they can necessarily do at the drop of a hat.
Except they have kept selling their products despite the value of the Lira dropping for some time now without making price adjustments. Which means they already have been taking a hit in regards to profit. Are you really expecting a company to sell you something at cost? Shareholders would grill Tim Cook. Take a step back and think about the incredibly delusional take you posted.
Damn dude. We don’t know. Why don’t you call them and ask them???
This does not fix the problem. Crypto in such cases are only a payment platform and does not fix the issue of the local economy (Turkey) being badly managed by a clown leader. Turks paying in crypto would still have to convert from their local currency, so there’s no gain for either party.
If a company did take crypto they would have to cash it out immediately because if the crypto crashes 20-30% like it did in the last two weeks then there is a huge loss. If the crypto isn’t sold and appreciates then there are bigger taxes to pay. It’s a stupid solution for anything except drugs and gambling.
Soon worldwide. The world economy is now collapsing
I don’t think the issue is doing business in another currency but most countries force businesses to accept the local currency at all times as long as you have something to sell.
Not easy because:
Imagine Day 1 they charge you say 100 Lira for ItemA. On that day 100 Lira = 100 US$. But at the end of the day the 100 Lira that Apple received and put in the bank is now worth 1/100 US$ or 1 cent because of inflation. Pegging a wildly fluctuating currency to a stable foreign currency doesn’t work.
One way that stores in countries that experience this is to charge prices in a stable foreign currency. For instance the store may only charge in Euros. However, that may go against local laws and probably does in Turkey.
This is expressing zero understanding of what is going on. Please read up on countries that experience this and what happens. They are lots of historical examples.
Omg Apple are worth trillions and make huge profit yes I think they could take the hit because the amount they make from accessories alone would make up for the difference. Come on the charge up to $89 for a plastic case in Australia and other countries that other sellers offer similar items for around $10 with a mass production you’re really telling me that there’s not hundreds of percent mark up on their accessories that they can’t lose a little on their main products that they still be making profit on an iPhone only cost around $400 to Make yet sells for over $2000. Why should it be about shareholders they just don’t care they just want money the same as the company, why do you think they buy the shares. Other retail stores can offer up to 15% discount on Apple items but Apple offers you nothing and often won’t even match other companies prices so don’t try and tell me there’s a problem with my post. It’s called My opinion.
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Lol, nothing wrong with your post /s
This is why you don't run any company. Stick to playing Fortnite in the basement and for the love of God stay away from economic topics going forward!
Eh? I don’t like him either, but this is nothing to do with Trump.
The article literally says, "According to the report, customers with service appointments are being attended to, while customers looking to purchase products are being turned away". Would you rather they not keep service appointments that have already been made?