Apple hikes prices on products in Japan, with iPhone 13 up 19%

Weakening yen threatens to sap company's overseas earnings

The price increases on popular Apple products, including the iPhone, are expected to take effect in Japan on July 1. (Photo by Arisa Moriyama)

TAKESHI SHIRAISHI, Nikkei staff writer

July 1, 2022 14:33 JST

PALO ALTO, U.S. -- Apple has raised prices for its major products sold in Japan, including the iPhone.

The price cheapest version of its latest iPhone 13 has been raised 19%. The sharp fall in the value of the yen, driven in part by a widening interest rate gap between Japan and the U.S., has begun making big-name imported consumer goods pricier in Japan.