iOS App Store Increasing Prices in Australia, India, Indonesia, Turkey and South Africa

ios 7App store users in certain zones will be seeing some rate increases, according to an email announcement from the app store. According to an email sent to users, the app store has decided to increase its app pricing to match foreign exchange rates in certain regions.

Within the next 24 hours, the following changes will be made to pricing on the App Store.
To account for changes in foreign exchange rates, App Store retail prices will be increased for the following currencies:
Australian Dollar
Indian Rupee
Indonesian Rupiah
Turkish Lira
South African Rand
Additionally, retail prices for Israeli New Shekels and some price tiers for the New Zealand Dollar will be decreased.
Price adjustments on the App Store are made periodically due to changes in foreign exchange rates. Within 24 hours, you will see the new Pricing Matrix in the Rights and Pricing section of Manage Your Apps on iTunes Connect.
Updates to iOS Paid Applications and Mac OS X Paid Applications contracts will be available on the iTunes Connect website. To view all current and outstanding contracts, see Contracts, Tax, and Banking on iTunes Connect.
The App Store team

Sorry. Not really? According to recent stats, the App Store brought in 44.397B in quarterly revenue in Q1 of this year alone, $2B of which went to developers.

Publish date: April 1, 2014 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT