iPhone 16 Sales Banned In Indonesia After Apple's Investments Obligations In Asian Giant Fall Short By Just $15M
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) faces a sales ban of its iPhone 16 in Indonesia due to a $15 million shortfall in meeting its investment obligations. The company has invested $95.08 million but needs to fulfill a commitment of $109.59 million. This ban comes despite Apple's recent market success.
October 16, 2024 | 5:47 am
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Apple's iPhone 16 sales are banned in Indonesia due to a $15 million shortfall in investment commitments. This regulatory issue could impact Apple's market presence in Indonesia, despite its strong global performance.
The ban on iPhone 16 sales in Indonesia is a direct result of Apple's failure to meet investment obligations. This regulatory issue could hinder Apple's market expansion in Indonesia, affecting short-term sales and potentially impacting stock prices negatively.
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