11 ms·

This is a few days out of date now. Sales have already resumed with prices adjusted accordingly.

rdtwo 5y ago
How long did it take them? Could you have gone in bought a ton of stock at old prices and gotten at least some of your 15% back? Apple stuff resells pretty well
- kadoban 5y ago
  If you knew in advance that it was going to crash, there's better ways to profit more directly. If you didn't, seems unlikely you'd be ready to capitalize. Besides, not sure how it works in Turkey, but most places at least: retailers can cancel orders for little to no reason, if you bought a bunch of crap right before such an event, I bet they'd cancel it.
  - mrtksn 5y ago
    Apple apparently canceled some orders, the social media was full of people complaining about it however the laws don't allow you to cancel orders just like that(when you order something the company and the customers are obligated to sign purchasing agreements that provides ether party with rights and obligations) and many people were quite motivated to sue Apple. Some contacted Apple and the official response was that the cancellations are due to unrelated reasons. Turkish consumer protection laws are not bad, there are arbitration tribunals and consumer courts that quickly and cheaply resolve that kind of disputes. People use these all the time. My brother snapped an iPad Air for the equivalent of 450$ and is expecting the delivery anytime now.
- mrtksn 5y ago
  The USD$ went from 9.50 to 12.50 in a month and I believe the last adjustment they did was at 8.5. Apple had 2 days of no online sales but the sales in the shops continued until the inventory depleted. I was also going to grab a Macbook Pro when the price dropped below the US price but I wasn't decisive enough and missed the opportunity. I bet a lot of people bought MacBooks just to re-sell. An interesting detail, in Turkey they are allowed to sell laptops with only Turkish keyboard layouts due to some law on protecting the language. Only German and Arabic layouts are excepted due to some trade agreements. On the iPhones, the Turkish prices are never good due to very high taxation(about half of the price is tax). Turkey even pioneered the IMEI registration process where you can't use foreign device for longer than a few month in Turkey. If you like to bring a device from abroad, you need to register the device and pay a hefty registration fee and you can do it only once in two years. Officially, the registration is to prevent terrorist from using the devices as burners. The fee was 10 liras at the beginning but now it's over 2000.
  - geoduck14 5y ago
    >Turkey even pioneered the IMEI registration process where you can't use foreign device for longer than a few month in Turkey. This is a cool fact!
    - AdamJacobMuller 5y ago
      I remember the process of getting a SIM in turkey was super annoying. I had to physically go to a store where they needed BOTH of our passports and a second form of ID (so had to go back to the hotel and return with my traveling companion) and a decent 30 minute process of entering our information into databases and making copies of IDs. Compare that to most countries where I can either trivially pop into a local store and pick up a prepaid sim in a few minutes, or, for most of my travel I can have them shipped to me at home in advance so I can land in country with a local sim. Istanbul was worth it though.
      - mrtksn 5y ago
        Devices, SIM cards and identities must be matched in Turkey, so that nobody does anything naughty. They also make the service providers keep tower signal logs worth of many years, so it's common to prove your whereabouts in courts by requesting these logs. On the plus side, you can see and manage all your data from the government portal. It's rather convenient to be able to see all the subscriptions(GSM, TV and so on) on your name and cancel them from there if you wish. Totalitarian control has its perks.
        sushsjsuauahab 5y ago
        >So that nobody does anything naughty Ah yes, now I know why all of those shootings and mass murders happened in the Turkish airport-- there was no system for mapping identities to SIM cards!! https://en.m.wikipedia.org/wiki/2016_Atatürk_Airport_attack https://en.m.wikipedia.org/wiki/2016_Atatürk_Airport_attack
        mrtksn 5y ago

How long did it take them? Could you have gone in bought a ton of stock at old prices and gotten at least some of your 15% back? Apple stuff resells pretty well

kadoban 5y ago
If you knew in advance that it was going to crash, there's better ways to profit more directly. If you didn't, seems unlikely you'd be ready to capitalize. Besides, not sure how it works in Turkey, but most places at least: retailers can cancel orders for little to no reason, if you bought a bunch of crap right before such an event, I bet they'd cancel it.
- mrtksn 5y ago
  Apple apparently canceled some orders, the social media was full of people complaining about it however the laws don't allow you to cancel orders just like that(when you order something the company and the customers are obligated to sign purchasing agreements that provides ether party with rights and obligations) and many people were quite motivated to sue Apple. Some contacted Apple and the official response was that the cancellations are due to unrelated reasons. Turkish consumer protection laws are not bad, there are arbitration tribunals and consumer courts that quickly and cheaply resolve that kind of disputes. People use these all the time. My brother snapped an iPad Air for the equivalent of 450$ and is expecting the delivery anytime now.
mrtksn 5y ago
The USD$ went from 9.50 to 12.50 in a month and I believe the last adjustment they did was at 8.5. Apple had 2 days of no online sales but the sales in the shops continued until the inventory depleted. I was also going to grab a Macbook Pro when the price dropped below the US price but I wasn't decisive enough and missed the opportunity. I bet a lot of people bought MacBooks just to re-sell. An interesting detail, in Turkey they are allowed to sell laptops with only Turkish keyboard layouts due to some law on protecting the language. Only German and Arabic layouts are excepted due to some trade agreements. On the iPhones, the Turkish prices are never good due to very high taxation(about half of the price is tax). Turkey even pioneered the IMEI registration process where you can't use foreign device for longer than a few month in Turkey. If you like to bring a device from abroad, you need to register the device and pay a hefty registration fee and you can do it only once in two years. Officially, the registration is to prevent terrorist from using the devices as burners. The fee was 10 liras at the beginning but now it's over 2000.
- geoduck14 5y ago
  >Turkey even pioneered the IMEI registration process where you can't use foreign device for longer than a few month in Turkey. This is a cool fact!
  - AdamJacobMuller 5y ago
    I remember the process of getting a SIM in turkey was super annoying. I had to physically go to a store where they needed BOTH of our passports and a second form of ID (so had to go back to the hotel and return with my traveling companion) and a decent 30 minute process of entering our information into databases and making copies of IDs. Compare that to most countries where I can either trivially pop into a local store and pick up a prepaid sim in a few minutes, or, for most of my travel I can have them shipped to me at home in advance so I can land in country with a local sim. Istanbul was worth it though.
    - mrtksn 5y ago
      Devices, SIM cards and identities must be matched in Turkey, so that nobody does anything naughty. They also make the service providers keep tower signal logs worth of many years, so it's common to prove your whereabouts in courts by requesting these logs. On the plus side, you can see and manage all your data from the government portal. It's rather convenient to be able to see all the subscriptions(GSM, TV and so on) on your name and cancel them from there if you wish. Totalitarian control has its perks.
      - sushsjsuauahab 5y ago
        >So that nobody does anything naughty Ah yes, now I know why all of those shootings and mass murders happened in the Turkish airport-- there was no system for mapping identities to SIM cards!! https://en.m.wikipedia.org/wiki/2016_Atatürk_Airport_attack https://en.m.wikipedia.org/wiki/2016_Atatürk_Airport_attack
        mrtksn 5y ago