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Apple mulls making products in Indonesia as Tim Cook continues Asia tour - report [Seeking Alpha]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Replying to a request by Indonesia's President Joko Widodo, Apple's CEO Tim Cook said the company would look into the feasibility of local manufacturing, the report added The Apple chief is on a visit to some South Asian nations and the latest talks come a day after Cook visited Vietnam, noting that the company aims to boost its investment in the country and increase cooperation. "We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," said Cook to reporters in Jakarta after a meeting with Widodo. The Cupertino, Calif.-based company — which, reportedly, is making nearly 14% or about 1 in 7 of its iPhones in India — is advancing efforts to reduce its dependence on China amid rising geopolitical tensions. Apple has spent about $16B in Vietnam since 2019 via supply chain partners, according to a separate report. The tech giant opened an Apple Developer Academy in Bali during Cook's visit — its fourth in Indonesia — as
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