Unprepared British consumers face Brexit-driven price squeeze

Unprepared British consumers face Brexit-driven price squeeze
 

Any British shoppers tempted by Apple's new iPhone are having to dig deeper into their pockets after June's Brexit vote as the U.S. tech giant raised the sterling price by 60 pounds ($76) when the model went on sale on Sept. 16.
While U.S. customers will pay the same as last year, the 11 percent price rise for Britons from the previous model almost exactly matches the amount by which the pound had fallen against the dollar since the vote to leave the European Union.
On Tuesday, sterling slid to a new 31-year low, meaning many other retailers are likely to follow Apple, putting a dampener on... read more

 
4 October 2016 in Business, Views: 40
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31