Apple Stock News: Apple Halts Online Sales In Russia
Apple has shut down their online store in Russia in the face of falling currency prices. It seems strange to shut down sales just before Christmas, but Apple’s earnings have been at risk of falling significantly when turned back to U.S. dollars. Apple does not have physical stores in Russia, so it relies on its website and third-party sellers. When someone tries to purchase a product, such as the iPad 2 or iPhone 6, on the website now, they are greeted with a message saying, “We’ll be back. We’re busy updating the Apple Store for you and will be back soon.”