Apps

Apple to hike price of iOS apps in India by 33%

Indian Business Blog featuring on Business, Technology and Education
Written by Harshad Patankar

If you are an iOS user you may be required to shell out more for your favourite app as Apple is increasing the prices for apps and in-app purchases in a few countries.

iOS apps will be now dearer in the

  • UK
  • India, and
  • Turkey

In India, an app that costs $0.99 will cost Rs 80, representing a 33 percent rise from the previous price of Rs 60. Apple is also selling some of the apps for as less as Rs 10.  The price change isn’t reflecting in the Indian App Store right now but are expected to start reflecting in App Stores across regions over the next seven days.

Reason for Price Increase

So Why this increase in price ? According to Apple,

“price tiers on the App Store are set internationally on the basic of factors including currency exchange rates, business practices, taxes and cost of doing business. These factors vary from region to region and over time.”

Although Apple has started notifying developers with specific reference to the iOS and Mac App Store, it is expected that the change in price will also reflect iTunes Store for TV shows, movies, and books.

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Developers and Rise in App Prices

Increase in the prices also impact developers directly and impact selling of the App. Lets see the scenarios in different countries with the change in prices of App.

In the UK alone, app prices are reportedly shooting up over 25 percent. So for example, an app sold at $0.99 in the US will now cost £0.99 in the UK, up from £0.79. A report on 9to5 Mac notes that following the weak pound exchange rate after the Brexit vote, changes will be seen at every price tier. A Tier 2 priced app now costs £1.99 in the UK up from £1.49, while an in-app purchase that previously cost £7.99 will now be priced at £9.99. This essentially means that the UK costs will numerically match those of the US.

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In Turkey, the price of the apps will change from 2.69 to 3.49 lira, which is an increase of 30 percent. Technology companies with a global presence have witnessed repercussions in the months following the Brexit vote

To beat this increased prices and in order to lessen the impact of the price rise on developers, Apple is also introducing new lower-price tiers. Publishers will now be able to charge users 49 pence or 79 pence for purchases, however, to do so, they will have to re-price their products.

About the author

Harshad Patankar

My name is Harshad Patankar and I am the chief blogger at BumbleBeeHub Blog and where I like to share my internet/tech experience along with some fascinating updates around the Business, Technology, Education and Government sectos with my online readers on this website. You can read more about me at my About Page. You can follow me on Twitter, Facebook & Google