17.04.2024 14:42:47 - dpa-AFX: Apple Considering Production In Indonesia

CUPERTINO (dpa-AFX) - Tech giant Apple Inc. is considering the possibility
of manufacturing its devices Indonesia, reports said citing Chief Executive Tim
Cook.

During a meeting with Indonesian President Joko Widodo in Jakarta on Wednesday,
Cook said the iPhone maker will look into the feasibility of local
manufacturing. Both of them discussed possible investment in the country, among
other matters.

Cook told reporters in Jakarta after the meeting, 'We talked about the
president's desire to see manufacturing in the country, and it's something that
we will look at... The investment ability in Indonesia is endless.'

During Cook's visit, Apple also opened its fourth Apple Developer Academy in the
country, in Bali, as part of an effort to increase opportunities for developers,
students, and entrepreneurs looking to focus on careers in the region's growing
iOS app economy.

The news comes after a similar proposal was made in Vietnam during Cook's
touring in the neighboring country. Vietnam is already producing select Apple
devices including AirPods.

Apple, which produces majority of its devices in China, for long has been
looking into diversify its production bases elsewhere, mainly in Asian
countries, with a view to minimizing the impact of ongoing geopolitical tensions
between the U.S. and China.

Apple has already increased its production in countries such as India and
Vietnam. According to a Bloomberg report last week, Apple has produced iPhones
worth $14 billion in India during the last fiscal year.

Apple now produces around 14 percent of its iPhones in India, doubling the
amount from the previous year. Pegatron manufactured around 17 percent, while
Foxconn contributed about 67 percent, with Wistron producing the remainder.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
APPLE INC. 865985 Xetra 162,760 30.04.24 17:35:52 +0,160 +0,10% 0,000 0,000 162,480 162,760

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH