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stress over the current situation.
Consumer electronics companies halted sales amid price uncertainty.
Samsung Turkey announced that some of its smartphone models were sold out due to strong demand, especially for premium segment devices.
On November 23, Apple (Nasdaq/AAPL) halted sales in Turkey without giving any notice. On November 26, it returned back with about 25% price hikes.
Price hikes in fuels now happen every day and have become dog-bites-man stories.
People in Turkey have stopped selling their homes and cars as they switch to the “wait-and-see” mode in the face of uncertainties triggered by the collapse of the Turkish lira.
12 TURKEY Country Report December 2021 www.intellinews.com