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Apple hikes prices of products in Japan by as much as 25%, unlikely to happen in Singapore (for now)

By Kenny Yeo - on 5 Jul 2022, 9:52am

Apple hikes prices of products in Japan by as much as 25%, unlikely to happen in Singapore (for now)

Apple has increased the prices for many of its products in Japan. Victims of this price hike includes iPhones, iPads, and Apple Watches.

As a result, Apple has raised the prices of popular products like the iPhone 13 by around 19%. It used to cost ¥98,000, now it's ¥117,800. 

The iPhone SE now starts at ¥62,800 where it used to cost ¥57,800 – an increase of 8%. The iPad also now starts at ¥49,800, which is about 25% higher than it used to be.

This move is driven largely by a sharp fall in the value for the yen. At the time of writing, a US dollar will trade for ¥136.20. A year ago it was ¥110.02. That's a fall of nearly 24%.

This is why it's unlikely we will see the same price hikes here in Singapore – at least for the time being. At the time of writing, a US dollar will trade for S$1.39, which is still within a reasonable range even if it is slightly more than what it was trading for a year ago. However, that may change if the Singapore dollar falls further against the US dollar.

Source: Nikkei Asia

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