Items tagged with brexit
The cryptocurrency market is full of peaks and valleys but at the moment, it appears that Bitcoin has hit a peak. Bitcoin surged past $11,000 USD for the first time in a year. The value of Bitcoin has jumped by 13% in the last 24 hours. Although the cyrptocurrency’s value dropped slightly once the heat of the excitement wore off, it is currently sitting pretty at roughly $10,600. Other cryptocurrencies such as Ethereum have also hit a ten-month high. Bitcoin reached an all-time high in December 2017 at nearly $20,000. Its value dipped by 74% at the beginning of 2018, thanks to a slew of cryptocurrency regulations. A Bitcoin was only worth roughly $3,100 at the end of December 2018, but...
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Though Apple is making a killing on mobile app sales, that is not stopping the company from raising prices in several regions overseas. In the United Kingdom, one of Apple's biggest and most lucrative markets, app prices and in-app purchases are jumping up more than 25 percent. So for an app that might have sold for $0.99 in the United States, it will now sell for £0.99 in the U.K. instead of £0.79.The price hike is a result of a weak pound exchange rate following the Brexit vote. It's not just £0.79 apps that are going up by 25 percent or more, either. Similar price hikes will hit every price tier in the App Store. A Tier 2 app that previously would cost mobile users £1.49 will now cost £19.99....
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The United Kingdom’s recent Brexit vote has far more ramifications than simply leaving the European Union. OnePlus just announced that its latest flagship smartphone the OnePlus 3 will likely increase in price in the United Kingdom as a result. OnePlus remarked that its margins in the United Kingdom have always been thin and its expenses are mostly in USD. The company, however, is not concerned about the phone selling because it is confident that the “OnePlus 3 is one of the best phones out there, and it’s our most successful product ever”. OnePlus is worried, however, about the recent drops in the value of the GBP (Great Britain Pound). The company has only had to increase prices once, when...
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