Apple Proposes $100M Investment in Indonesia Amid iPhone 16 Ban [Yahoo! Finance]
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Source: Yahoo! Finance
Apple has presented an investment plan of $100 million to set up a manufacturing plant in Indonesia, specifically in West Java, to produce accessories and other components to ensure compliance with local production requirements. The investment highlights the company's future route in the still-growing market in Indonesia, a country in Southeast Asia with a population of more than 280 million people, and is part of Apple's long-term plan to de-emphasize reliance on Malaysia as a production hub and diversify throughout Southeast Asia. No, Alphabet's Google also encountered the same restrictions with Pixel smartphones, highlighting that local production policies increasingly shape the emergence of the international technology landscape and market opportunities. The Ministry of Industry of Indonesia is scheduled to consider Apple's proposal, implying renewed bargaining, according to the article. Apple's ( AAPL Financial ) iPhone 16 sales declined in Indonesia because Apple failed
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