New York: According to the latest reports, the Apple Company has said previous day, it has stopped its online selling products such as I Phones, I Pads and computers in the Russian Federation. It has been facing problems such as, through decline in value of the Ruble, the imported goods to local fixed prices have created lots of problems for it.
The Apple Inc. stated in statement, “Due to extreme fluctuations in the value of the ruble, our online store in Russia is currently unavailable while we review pricing.”
The United States of American Consumer Electronics Company has said, this initiative has been taken up temporarily which is only pertain to the country’s currency crisis. Moreover, during that process, the dollar value of Ruble has decreased by 20%. During a month period, it has dropped nearly at third portion despites the Moscow’s efforts to defend it.
A company spokeswoman said, after the extreme volatility in the value of Ruble, the Apple Company’s stores are now not available in the Russian Federation while the company is reviewing the new prices