#appleincorporated

Indonesia was finally able to force the United States (US) Company, Apple Incorporated to invest a significant amount of Money into them after banning the iPhone 16, this after Apple Inc. announced that they will be investing Usd 1 billion into the Country.

Indonesia banned the iPhone 16 since it did not meet their 40% Local Content requirement for Smartphones. Apple initially offered around Usd 100 million investment, but Indonesia rejected it. Now Apple is saying that they will put up a full-scale Manufacturing Plant in Indonesia to produce essential Components.

Good for Indonesia that them playing “Hard Ball” with a US Company has borne Fruit for them. Meanwhile, the endless subservience of the Philippines to the US has gained it very little benefit in Terms of Investments, US Companies are still investing way more in other South East Asian (SEA) Countries than in the Philippines …

Here is the Link to the Article at the “ASEAN Briefing” Website: https://www.aseanbriefing.com/news/apples-us1-billion-bet-on-indonesia-local-compliance-and-market-growth/

Indonesia continues to reject the sale of the iPhone 16 in their Country despite the iPhone's Manufacturer, the United States (US) Company "Apple Incorporated" offering to invest Usd 100 million in Indonesia as it will still not meet their requirement that 40% of a Smartphone must be made there.

The Minister of Industry of Indonesia, Agus Gumiwang Kartasasmita also said that Usd 100 million is very little compared to what Apple Inc. invested in other Countries in South East Asia (SEA), pointing that Apple invested Usd 15 billion in Manufacturing Facilities in Vietnam while selling only 1.5 million iPhone Units there compared to the sales of 2.5 million iPhone Units in Indonesia before the ban.

And this is why Indonesia is a Regional Power in SEA, and why they have a so much better Economy than ours. They are always thinking of what is best for Indonesia. Meanwhile in the Philippines, we are just blindly and gladly accepting the Sale of iPhones here without any Conditions whatsoever, continuing to be just a willing and proud Dog of the US … arf, arf …

Here is the Link to the Article at the “South China Morning Post (SCMP)” Website: https://www.scmp.com/week-asia/economics/article/3288174/indonesia-rejects-apples-us100-million-investment-offer-lift-iphone-16-sales-ban

Indonesia has banned the new iPhone 16 Smartphone which is made by the United States (US) Company “Apple Incorporated” because it doesn't meet their required percentage of Parts that are made locally in their Country. Indonesia requires certain Smartphones to contain at least 40% made in Indonesia and the iPhone 16 doesn't meet that.

Currently the top Smartphone Brand in Indonesia is "Oppo" which is made in the Dongguan Province of China. Indonesians can still buy the iPhone 16 by directly importing it from other Countries, but will have to pay additional Importation and other Taxes for them on top of the already expensive Price of the iPhone 16.

Here is the Link to the Article at the Reuters Website: https://www.reuters.com/technology/apple-iphone-16-sales-blocked-indonesia-due-local-parts-rule-2024-10-28/

Apple Inc.'s Chief Executive Officer (CEO) Tim Cook visited Vietnam recently where it was revealed that the Company had already invested Usd 16 billion there, and planned to invest even more, this despite the Fact that Vietnam is a Communist Country with no Military Alliance with the United States (US) and no US Military Bases there unlike with the Philippines.