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Apple to hike App Store prices in Egypt

By Pramod Kumar
REUTERS/Brendan McDermid
The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5.

Apple Inc. announced increasing prices of apps and in-app purchases on its App Store in several countries, the Cupertino-based firm said in a blog post.

The countries include Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden, Vietnam, and all territories that use the euro currency.

The new prices, excluding auto-renewable subscriptions, will be effective as early as October 5.

These changes will reflect new rules for Apple in Vietnam to collect and remit applicable taxes, such as value-added tax and corporate income tax, at five percent, respectively.

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