iPhone Sales Ban - Business Outrank

Apple has agreed to make 1 billion dollars of investment in Indonesia as part of a deal to have Indonesia lift its ban on iPhone sales. The news was made by Indonesia's Industry Minister Agus Gumiwang Kartasasmita, which is a big breakthrough for the tech giant in the Southeast Asian market. This investment is expected to open the way for the sale of Apple's iPhone 16 series, which is due to be launched soon after months of negotiation with the Indonesian government. The ban was imposed in October 2024 because Apple did not comply with Indonesia's local sourcing requirement. At first, Apple had made only $95 million, a far cry from what the government had hoped for. Subianto would not approve the deal until he got tougher terms. His administration intends to use this investment, which is from a major U.S. tech company, to build up the country's local manufacturing, bring in more foreign investments, and make Indonesia a significant player in the global smartphone industry. Apple has also planned to set up a manufacturing plant on Batam Island to build AirTags and the company that will handle the production is Luxshare Precision Industry Co. This move could also help Apple in its efforts to diversify its supply chain away from China. Indonesia is a massive market with 278 million people, most of whom are young and tech-savvy, and Apple wants a piece of that action as its Chinese revenues decline. Although Apple does not currently rank among the top five smartphone brands in Indonesia, it acknowledges the country's increasing consumer base as a long-term opportunity. Thus the agreement has been reached, and Apple can continue to sell its products in Indonesia and achieve a significant victory not only for the company but also for the government of Indonesia.

What's Hot

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: iPhone Sales Ban

Apple Invests $1 Billion in Indonesia to Overturn iPhone Sales Ban

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Decathlon Sets Bold $3 Billion India Sourcing Goal, Eyes ₹7,000 Cr Revenue Boom

Our Picks

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Most Popular

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: iPhone Sales Ban