Barclays Maintains Apple(AAPL.US) With Sell Rating, Maintains Target Price $184
Apple Clarifies Siri Voice Platform Privacy Safeguards
Indonesia stated that Apple's (AAPL.US) 1 billion dollar investment plan is insufficient to lift the ban.
Indonesia continues to prohibit the sale of Apple (AAPL.US) iPhone 16, stating that its $1 billion plan, which includes building an AirTag factory, is insufficient to meet local investment requirements. Minister of Industry Agus Gumiwang Kartasasmita stated that Apple is required to produce some smartphones or components domestically in Indonesia, while AirTag is just an accessory. This decision marks the statement made by Investment Minister Rosan Roeslani on Tuesday evening, indicating that Indonesia has approved Apple's plan to establish an AirTag facility.
Apple's vice president bids farewell to Indonesia! At the end of negotiations, the Indonesian minister surprisingly reaffirms the iPhone 16 ban.
① Negotiations between Apple and the Indonesian government took a turn at the last minute, with the Apple executive leading the talks leaving Indonesia on Wednesday, while the remaining team members continued negotiations; ② In October last year, Apple was banned from selling the iPhone 16 series due to failure to meet Indonesia's localization production requirements; ③ Apple proposed to invest 1 billion dollars to build a factory and train students, but the Indonesian Minister of Industry insisted that Apple produce iPhone 16 components.
Apple (AAPL.US) clarifies the Siri "eavesdropping" lawsuit: data has never been used for Advertising Marketing or sold to third parties.
Apple clarified on Wednesday that the company has never sold the data collected by its voice assistant Siri, nor has it used this data to create marketing profiles. Just a few days ago, the company had resolved a case involving such allegations.
Apple's Bid To End iPhone 16 Ban In Indonesia Faces Setback