Apple in Emerging Markets: There is no denying the fact that Apple Inc. (NASDAQ:AAPL) is putting a lot of resources into the China market. The tech giant realizes that this is a big opportunity for growth, and continues to consider ways to increase sales and form new partnerships.
According to multiple reports, it appears that Apple is now looking to reenter the Indonesian market. According to a report by NZWeek, the company plans on establishing both an online and brick and mortar presence in the country in the near future.
Here is what the article had to say:
“The world’s leading technology company, Apple Inc., confirmed its plans to open an online store in Indonesia by giving application letter to Indonesia Investment Coordinating Board (BKPM).”
“Chatib Basri, BKPM chairman, said BKPM has given official permission to Apple relating to its plan to open online store in Indonesia. “We have approved their (Apple) application,” he said here on Tuesday.”
As you can see, things are moving forward at a brisk pace. It will not be long before Apple Inc. (NASDAQ:AAPL) has its online store up and running for the people of Indonesia.
While an online presence is big news, especially for residents of Indonesia, it is even more exciting to think that the company is bringing a brick and mortar store to the country.
The same article went on to add:
“Azhar Lubis, deputy chairman of BKPM said Apple will open its store in Indonesia’s capital city, Jakarta. “The investment worth around 2 million to 3 million U.S. dollars,” he said.”
“Previously Foxconn Technology, Apple’s partner company in hardware support, planned to build a manufacture plant in Indonesia by investing around 10 billion U.S. dollars. Minister of Industry, MS Hidayat said on August 2012, that Foxconn will start to build its plant by the end of 2012.”