“Apple Inc has committed to invest around $44 million in a research and development center in Indonesia over the next three years, a senior government official said, enabling it to start selling its latest iPhone 7 in the Southeast Asian nation,” Reuters reports.
“Indonesia, a promising smartphone market where Apple has trailed some rivals, has stipulated that starting from January 2017, all 4G handsets sold there must have a local content of at least 30 percent,” Reuters reports. “That rule can be met in terms of hardware, software or an investment commitment.”
“Apple has an uphill battle in the country of 250 million people, which has a young, internet-savvy demographic that is among the world’s biggest users of social media,” Reuters reports. “In the second quarter of this year, South Korea’s Samsung led with a 26 percent share of Indonesia’s smartphone market by sales volume, trailed by China’s OPPO with 19 percent, according to research firm IDC. Both Samsung and OPPO have factories in Indonesia.”
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MacDailyNews Take: Watch out knockoff outfits in Indonesia, here comes the real thing!
Trumpian …
Tim Cook bends over. Timothian.
Art of the Deal.
#MIGA
Disturbing, but nothing new. India has been pulling similar graft, if that’s the applicable term. China is being an incredible PITA with their odious iPhone 7/+ ripoff lawsuit in Beijing. And of course other countries (hello, my own USA) are going protectionist after gagging on too much ‘New World Order’ corporatocracy.
*sign* It’s all common human behavior. We can be so annoying to each other. 😛
Deals are cut when both sides gain. Business 101.
One could argue which side won the upper hand.
In the long term, looks like Apple.
Good point. I suppose a takeaway conclusion is that every human culture has its own way of doing things, creative and destructive. If you want to play in their culture, you get to play the games they play within that culture. Have fun.
Well said, DC. Even though Apple and the good ‘ole USA are at the top of the charts in the world, one must respect and work with all nations acknowledging their sovereignty and self-respect. Then everyone wins … 🎄🎄🎄