The price increase applies to all countries that use the euro as their official currency, but also to Poland, Sweden, Chile, Egypt, South Korea, Japan and Malaysia and others. The jump in prices in Europe is expected to be around 10 percent, in South Korea around 25 percent, while in Japan the price increase will be between 30 and 35 percent.
Reuters says the new prices will take effect on October 5 and that the price increase will not apply to subscriptions.
The App Store is reportedly one of Apple’s main sources of revenue. In June, the company reported service revenue that beat estimates.
These changes will also reflect new regulations for Apple in Vietnam to collect and pay applicable taxes, such as value-added tax (VAT) and corporate income tax (CIT) at rates of 5 percent, the company added.
At the beginning of the month, Apple presented the new iPhone 14 series, in four versions. The new iOS 16 was also released.