Apple will lower iPhone prices in some countriesJanuary 30, 2019 - 14:15 AMT PanARMENIAN.Net - Apple has suggested that it could lower iPhone prices in response to falling sales, the Irish Independent reports. Speaking after publishing the company’s latest financial results, which showed that iPhone revenue was down 15% on last year, chief executive Tim Cook said Apple is starting to adjust its pricing in some countries in response to currency valuation changes around the world. Mr Cook said the “relative strength of the US dollar has made our products more expensive in many parts of the world”, but that it was now trying to protect customers from the impact of currency fluctuation. “What we have done in January in some locations and (for) some products is essentially absorb part or all of the foreign currency move compared to last year,” he said. The company did not specify which countries it was focusing on, but suggested it would continue to look at how the iPhone is priced outside the United States after seeing the cost of devices rise in markets where currency has weakened against the dollar in the last year. In its financial results, Apple reported total revenue or 84.3 billion dollars (£64.5 billion), down from 88.2 billion dollars (£67.6 billion) this time last year. However, the Mac computer, iPad and the wearables, home and accessories product categories all reported sales growth, as did the company’s services category – which includes the Apple Music streaming platform as well as the App Store and Apple Pay. The results came after the firm issued an alert to investors earlier this month, warning of a forthcoming sales slump due to the economic slowdown in China. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |