As per reports, the change will be applicable in five currencies: Australian dollar, Indian Rupee, Indonesian Rupia, Turkish Lira, South African Rand.

The company has still not made it clear that whether the prices of other Apple products such as iTunes will be raised or not. If the hike is implemented, the applications which are available at 99 cents, will now cost around USD 1.29.

The price hike affects both the iOS and OS X App Stores, said an iTunes Connect letter. This move by the company is seen as an attempt to balance Apple’s revenue growth as per international market standards.