Apple hikes iPhone price in Russia on sliding ruble

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Apple has jacked up the price of its iPhone in Russia as the country's currency continues to fluctuate.

The cost of a 16 GB iPhone 6 is now priced at 53,990 rubles ($956), a 35 percent increase from its previous official price of 39,990 rubles, according to a Bloomberg report.

Last week, the tech giant halted online sales in the region because of the "extreme" volatility in the ruble. The company also bumped the prices of basic apps in the Russian app store, according to a Russian media report.

Read MoreApple Russia online sales halted on fluctuations in ruble

Apple isn't the only company increasing the costs of goods in the Russia.

Samsung Electronics and Cartier have also boosted the prices of their products to account for the ruble slide.

Read more on Bloomberg's website.

By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson.