App Store Developers Can Now Sell Wares in 8 New Currencies
Posted 10/26/2012 at 5:25am
| by J.R. Bookwalter
Apple wasn't shy about noting that it's now paid more than $6.5 billion to developers this week, and the company continues to find new ways to increase profits for both parties, such as adopting more currencies around the world.
TechCrunch is reporting that Apple's iTunes Connect portal has notified developers that their more than 700,000 apps can be purchased in eight more local currencies worldwide -- although the company is also noting an adjustment in retail prices for three existing currencies at the same time.
"The App Store now supports new currencies in the following eight territories, so your customers can easily purchase your apps in their local currency," the note to developers reads.
The eight new currencies include Russia's Ruble (RUB), Turkey's Lira (TRY), India's Rupee (INR), Indonesia's Rupiah (IDR), Israel's New Shekel (ILS), Saudi Arabia's Riyal (SAR), South Africa's Rand (ZAR) and the United Arab Emirates' Dirham (AED).
"Also, note that we have adjusted the retail price for the Mexican Peso, the Euro, and the Danish Kroner," the developer note concludes. "For more information, see the Pricing Matrix in the Rights and Pricing section of the Manage Your Applications module on iTunes Connect."
It's unclear whether Apple has changed these retail prices due to foreign exchange rates or because of tax obligations in the affected countries, but end users will definitely wind up feeling it by paying a little bit more for their apps from now on.
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