Indonesia says Apple should soon be able to sell iPhone 16s
1. Apple to sell iPhone 16 in Indonesia after new deals. 2. Agreements include a manufacturing plant and R&D center.
FAQ
Why Bullish?
Entering the Indonesian market supports revenue growth, reminiscent of similar expansions into China that significantly boosted AAPL's sales.
How important is it?
The agreement signals potential revenue growth and market dominance in Southeast Asia, crucial for AAPL's global strategy.
Why Long Term?
Establishing local manufacturing and R&D may enhance market penetration and consumer loyalty over time.