Apple Hikes Japan Price of iPhone by Nearly a 5th

A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe/Files
A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe/Files
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Apple Hikes Japan Price of iPhone by Nearly a 5th

A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe/Files
A woman walks past an Apple logo in front of an Apple store in Saint-Herblain near Nantes, France, September 16, 2021. REUTERS/Stephane Mahe/Files

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.



Netanyahu, Musk Hold Talks after Congressional Address

Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
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Netanyahu, Musk Hold Talks after Congressional Address

Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights
Elon Musk, CEO of SpaceX and Tesla, listens to Israeli Prime Minister Benjamin Netanyahu as he addresses a joint meeting of Congress, at the US Capitol in Washington, US, July 24, 2024. REUTERS/Kevin Mohatt/File Photo Purchase Licensing Rights

Israeli Prime Minister Benjamin Netanyahu said on Thursday he met with Tesla CEO Elon Musk in Washington on Wednesday after his address to the US Congress.

"We discussed the opportunities and challenges in AI, its impact on the economy and society, and explored ways for technological cooperation with Israel," Netanyahu said in a post on X.