Istanbul

Apple has stopped sales in Turkey after the lira crashed 15% in a day. The country's currency crisis is so dire that people are buying upmarket electronic imports as investments

2 days ago   |   By

An Apple shop in Istanbul, Turkey. Dilara Senkaya/Reuters
The Turkish lira has crashed to record lows after President Tayyip Erdogan defended recent sharp rate cuts.
The lira has lost 43% of its value this year and more than 22% since the beginning of last week alone.
Turks trying to buy iPhones received online error messages from Apple Inc's local website.
Turks attempting to buy iPhones and other electronics received online error messages on Wednesday, including from Apple Inc's local website, after a historic 15% plunge in the lira the day before caused havoc for prices. The currency...
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