Beginning next month, Apple will raise App Store rates for applications and in-app purchases.
The price increase is only intended for a few markets, notably the eurozone and several Asian and South American nations. Pakistan is also on the list.
The change will go into effect on October 5, and it will not affect auto-renewable memberships, so subscription models will not suddenly start taking more money from your account.
Why is this happening?
For those who are asking why this is happening, it is just part of Apple’s regular revision of App Store rates for various areas.
Last year, the Cupertino giant reduced pricing in eurozone nations to reflect currency and tax changes. Starting pricing have been reduced from 1.09 euros to 99 cents.
The most recent change has reduced the price to 1.19 euros.
This may be attributed to the quick rise in worldwide inflation, which included an increase in interest rates and energy costs, which depreciated various currencies, notably the yen and the euro.
For the first time in years, the euro has been struggling against the dollar, and it has also fallen to two-decade lows.
To blame were new tax regulations.
Aside from European nations, the price rise will affect Japan, Malaysia, Pakistan, South Korea, and Vietnam in Asia, as well as Chile in South America.
While the rise was caused by inflation in certain European nations, it was caused by new legislation pertaining to tax collection from customers in others.
Apple has been attempting to broaden its income stream away from its primary source, iPhones.
The smartphone manufacturer has just entered the advertising industry and has been developing its services business, which includes the App Store.
It has grown rapidly over the past several years and is now worth about $20 billion every quarter.
