Apple Temporarily Suspends Online Sales In Turkey

Apple Inc (NASDAQ:AAPL) has briefly suspended online sales in Turkey amid fallout from President Recep Tayyip Erdogan’s highly controversial…
  • Apple Inc (NASDAQ:AAPL) has briefly suspended online sales in Turkey amid fallout from President Recep Tayyip Erdogan’s highly controversial monetary policy, Apple Insider reports. 
  • Recently Erdogan said there would be no backing down from the controversial policy that saw the country’s central bank slash interest rates amid soaring inflation.
  • Analyst rating: UBS analyst David Vogt keeps his Buy rating and $175 price target on Apple, implying an 8.4% upside.
  • Vogt stated that data from UBS Evidence Lab suggest that demand for the company’s product remains strong at the higher end. 
  • Vogt further notes that the shorter wait times for Apple devices suggest that supply constraints are improving.
  • Price Action: AAPL shares traded lower by 0.12% at $161.21 on the last check Wednesday.
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