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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
174.55 USD   +0.88%
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Apple hikes Japan price of iPhone by nearly a fifth

07/01/2022 | 12:28am EDT
FILE PHOTO: Apple Inc. reports fourth quarter earnings in Washington

TOKYO (Reuters) - Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation.

The Cupertino, California-based manufacturer's entry level iPhone 13 now costs 117,800 yen ($870), Apple's website showed, compared to 99,800 yen previously.

With the dollar up 18% against the yen year-to-date, the higher cost of the iPhone, which dominates Japan's smartphone market, comes as consumers' wallets are being squeezed by price hikes for daily necessities.

Such widespread hikes are a change for most Japanese following years of stable prices for many products.

Apple did not immediately respond to a request for comment.

($1=135.6900 yen)

(Reporting by Sam Nussey; Editing by Clarence Fernandez)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.88% 174.55 Delayed Quote.-1.70%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.10% 93.45 Delayed Quote.12.79%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.02% 162.52 Delayed Quote.4.28%
BRITISH POUND / US DOLLAR (GBP/USD) -0.24% 1.2013 Delayed Quote.-10.61%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.07% 104.54 Delayed Quote.14.78%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.19% 0.77252 Delayed Quote.-1.59%
EURO / JAPANESE YEN (EUR/JPY) 0.11% 137.488 Delayed Quote.4.36%
EURO / US DOLLAR (EUR/USD) -0.14% 1.016 Delayed Quote.-10.49%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) -0.31% 1.697217 Delayed Quote.9.84%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.39% 0.012553 Delayed Quote.-5.92%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.03% 0.7037 Delayed Quote.-10.78%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) -0.09% 84.603 Delayed Quote.8.16%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.36% 0.6251 Delayed Quote.-7.24%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.26% 135.301 Delayed Quote.16.70%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 393 B - -
Net income 2022 99 582 M - -
Net cash 2022 56 335 M - -
P/E ratio 2022 28,6x
Yield 2022 0,52%
Capitalization 2 805 B 2 805 B -
EV / Sales 2022 7,00x
EV / Sales 2023 6,62x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 174,55 $
Average target price 181,22 $
Spread / Average Target 3,82%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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