Tags Prices

App Store app prices and in-app purchases to rise in Norway due to exchange rate fluctuations

Periodically, Apple updates App Store prices in certain regions to account for global changes in exchange rates. Today, Apple has notified developers that it will be raising app prices for customers in Norway in response to currency fluctuations.

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Filed under: AAPL Company, Apps, Developers, iOS, iOS Devices, Tech Industry Tagged: app prices, App Store, Apps, iOS, norway, prices

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Benjamin Mayo

April 10th

Apple

Mac

Trade-in services begin accepting Apple Watch, but don’t expect to profit

Nextworth-apple-watch-tradein

While Apple Watch models were selling for a premium on eBay and elsewhere for quite a while after launch, now that the device is in Apple stores and stock of most models almost caught up to demand, trade-in services have officially started accepting the device. One of the first bigger companies to announce support for Apple Watch is NextWorth, which as of today will buy your Apple Watch, but without the eBay premiums. The company is capping Apple Watch trade-in payouts at $500, and you’ll be getting much less than that for the cheaper models that start at around $350 from Apple.

A quick look at NextWorth’s site shows a 42mm Apple Watch Sport will get you at most $186. That’s if it’s in good condition and working properly. Compare that to Apple’s $399 price tag, putting NextWorth’s price around 50% of what you paid just weeks after launch. You’ll get similar results for other models, too. The 42mm steel Milanese Loop model will get you $343 in good condition, for example, again around 50% of Apple’s $700 (+ tax) retail price. But $500 is the most you’ll get, even for the pricier black stainless steel model that sells for as much as $1100 from Apple. Nextworth isn’t accepting Apple Watch Edition models that sell from Apple starting at $10,000.

One of NextWorth’s biggest competitors, mobile device trade-in service Gazelle, previously announced that it would begin accepting Apple Watch trade-ins soon. A big question at the time was how well Apple Watch would retain resale value. Gazelle noted that the first 16GB iPad, for comparison’s sake, retained around 44% of its retail price after the first year and 30% after two years.

We’ll have to wait and see what the Apple Watch market looks like after a year, and whether or not the device, as Apple’s first true fashion product, has a lifespan comparable to its iOS devices. NextWorth’s prices, coming in around 50% of the retail price, are certainly not a good sign.

You can head over to NextWorth to trade-in your Apple Watch now.


Filed under: Apple Watch Tagged: Apple watch, Device, eBay, iPad, iPhone, premium, prices, sale, trade-in

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Jordan Kahn

June 22nd

Apple

Mac

Apple informs developers of additional app pricing changes in the EU, Canada, and more

App Store App Store

Apple has sent an email to developers informing them of upcoming changes to app pricing in Canada, the European Union, Norway, Iceland, and Russia. These changes, which take effect later this week, are not the same as the recent change to country-specific VAT rates, and impact a wider range of markets.

The pricing updates are being implemented to accommodate changing tax and currency exchange rates. Prices will go up for customers in all of the affected countries except Iceland, which will see a decrease. Russia’s prices will “change,” according to the email, but there aren’t any additional details on what that may mean.

Updated developer agreements and pricing documents will be available when the change begins some time in the next day and a half. You can read the full email below:

Dear [Developer],

Within the next 36 hours, prices on the App Store will increase for all territories in the European Union as well as in Canada and Norway, decrease in Iceland, and change in Russia. These changes are being made to account for adjustments in value-added tax (VAT) rates and foreign exchange rates.

We will simultaneously update the Pricing Matrix in Rights and Pricing in My Apps on iTunes Connect.

We will also update the iOS Paid Applications and Mac OS X Paid Applications agreements, which will be available in Agreements, Tax, and Banking.

If you have any questions, contact us.

Regards,

The App Store team


Filed under: AAPL Company Tagged: App Store, European Union, Iceland, norway, prices, Russia, Taxes, VAT

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Mike Beasley

January 7th

Apple

Mac

Apple reportedly pushing to get Beats Music prices down to $5 per month

iPhone 6 Beats Music

A new report by Re/code gives some extra details about Apple’s future plans for its streaming service, Beats Music. A few weeks ago Apple was reportedly looking to push prices down, although specifics were not known at the time.

Today, Re/code says that Apple wants to cut prices in half, from $10 a month to $5 a month. This would be part of a relaunch of the Beats Music service — exactly what a ‘relaunch’ entails is not yet known. It is possible that Apple will disassociate the Beats brand from its streaming service.

Re/code says that negotiations revolve around a stat about Apples ‘best iTunes customers’, who apparently spend $60 a year on music. This works out to $5 a month. Beats Music currently costs $9.99 per month. Apple executives are arguing that pushes the price down will result in a situation where revenue from music sales remains at least constant from its dedicated audience, if not greater from the wave of potential additional customer adds.

The report notes that any price cuts Apple arranges would also have to be offered to competing services as well. Negotiations are just that and much of this will be subject to change as talks are ongoing. The revamp of the streaming service is not expected to debut any time soon, so it will take a while for anything to be finalized.


Filed under: AAPL Company, iOS, iOS Devices Tagged: Apple, Beats Music, prices, streaming

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Benjamin Mayo

October 20th

Apple

Mac

New tax law could see UK iTunes customers paying up to 20% more next year

apps-ios-itunes

Members of the UK government are seeking to close a tax loophole that currently allows online music, app, and book downloads to avoid the country’s 20% “value added tax” in favor of much lower international tax rates, reports The Guardian. If the push is successful, iTunes customers in the UK will instead be taxed at the appropriate rate for their own country.

However, the new law won’t go into effect until January 1, 2015, so there’s still time for things to change. Supporters of the change say that it will lead to more fair competition among foreign and domestic companies, since UK-based companies are currently at a major disadvantage due to the higher tax rate.


Filed under: AAPL Company Tagged: App Store, IBooks, iTunes, prices, Tax, UK, VAT

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Mike Beasley

March 23rd

Apple

Mac

How Apple Sets Its Prices

Apple pricing is unlike almost every other brand in consumer tech: consistent across each and every retailer, and rarely discounted. How do Cook and Co manage to pull that off? More »


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Jamie Condliffe

January 15th

Apple

Mac

How Apple Sets Its Prices

Apple pricing is unlike almost every other brand in consumer tech: consistent across each and every retailer, and rarely discounted. How do Cook and Co manage to pull that off? More »


Comments Off on How Apple Sets Its Prices

Photo

Jamie Condliffe

January 15th

Apple

Mac

FLA president says Apple/Foxconn agreement raises bar, but will it raise prices?


The results of the Fair Labor Association’s investigation into Apple’s suppliers beginning with three Foxconn facilities officially published yesterday. While finding excessive working hours and many violations of Chinese labor law, Foxconn and Apple agreed to reduce workweek and overtime hours within Chinese law to 49 hours per week and 36 overtime hours per month based on the FLA’s recommendations. Foxconn will also hire tens of thousands of new employees and implement a compensation package to make sure workers’ salaries remain the same amid reduced working hours.

In the interview above with Reuters, head of the FLA Auret van Heerden talked about the investigation and noted the agreement could set a new standard for working conditions throughout China. One unanswered question is whether the agreement will lead to higher prices for consumers (which is not necessarily a bad thing)…

Given that Foxconn and Apple have now decided to raise the bar… dramatically improved conditions for workers… other factories are going to start losing workers, workers are going to choose to go and work at Foxconn… you work less and you get the same money, and you get time to spend it. Other factories will have to raise their offer in order to attract and retain workers… Apple and Foxconn will set the bar that everyone else will have to meet. – FLA president, Auret van Heerden

One result of the reduced hours and Chinese workers’ ability to demand higher wages is inevitably increased costs and potentially higher prices passed down to consumers. Not just for Apple, but all Foxconn customers, including Dell, HP, Motorola, Nokia, Amazon, Microsoft, and Sony. However, with Apple’s huge margins, it will likely benefit over other Foxconn customers who will be forced to pass down increased costs to consumers. While several reports were quick to note labor costs associated with assembly represent a small percentage of overall production costs, HP’s Meg Whitman told Reuters prior to the report’s publishing that increased labor costs at Foxconn could lead to an “industry-wide phenomenon”:

“If Foxconn’s labor cost goes up … that will be an industry-wide phenomenon and then we have to decide how much do we pass on to our customers versus how much cost do we absorb.”

It is unclear exactly how much of an impact Apple and Foxconn’s agreement with the FLA will ultimately have on product prices for consumers, but it is clear that at least some of Foxconn’s customers were concerned leading up to the audits. The FLA will continue its audits of Apple’s suppliers throughout the year at several contractors, such as Wintek, Pegatron, and Quanta Computer.


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Jordan Kahn

March 30th

Uncategorized

Amazon Product Prices Get Marked Up Like Crazy to Give You Fake Savings [Wtf]

It's scary how much I trust Amazon. I don't even question anything—just click, buy and get 2-day shipped for everything. Underwear? Yep. Electronics? Sure. Tweezers? Why the hell not. But what if all those savings you're supposed to be getting on Amazon were fake? What if Amazon ridiculously marks up a product's list price by 1000%? Because that's what Amazon is doing. More »


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Casey Chan

February 28th

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