Indonesia Stories December 16, 2016

AAPL: 115.97

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Jakarta, capital of Indonesia, the world's fourth largest country by population
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Apple has been granted the right to sell the iPhone 7 in Indonesia following an agreement to invest around $44M in an R&D center in the country, reports Reuters. The investment was first rumored in November, and has now been confirmed by a senior government official in a text message.

“Apple has committed around $44 million to invest in R&D over three years,” Suryawirawan said. “Therefore, they can distribute devices priced 6 million rupiah ($448) and above. That means all iPhones can be distributed.”

Indonesia is an extremely important market for Apple as the world’s fourth most populous country after China, India and the USA … 

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Indonesia Stories November 28, 2016

AAPL: 111.57

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With the asian market a large and growing one for Apple, the company appears to be focusing on expanding its R&D efforts in the region. Following the announcement of multiple development centers in India and China, Indonesian site Tempo reports that Apple is to setup an R&D center in Jakarta sometime next year …

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