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What I find surprising about this is that the amount is so little to Apple. Their net operating cash flow is something like 120bn, and they've let their flagsh
by Andaith 2y ago
What I find surprising about this is that the amount is so little to Apple.
Their net operating cash flow is something like 120bn, and they've let their flagship product be banned in a country of 270 million people, and all the negative press, and the public perception of them, all just by not paying out 15m.
I can't believe this is deliberate, so I wonder what really happened?
- Aperocky 2y agoAfter reading the article I think this reflect more negatively on the business environment of Indonesia than Apple.
- pointlessone 2y agoIndonesia is big but is it a big market for Apple? I mean even western consumers are a bit miffed by $1k phones and average salary in Indonesia is ~$227/mo [1]. Is there enough buyers to sell $15m worth of iPhones, let alone make that much profit? [1]: https://investinasia.id/blog/salary-in-indonesia/ https://investinasia.id/blog/salary-in-indonesia/
- new_user_final 2y agoThird world country mindset is a bit different. People making over $500/month will save over a year and buy $1500 phone. People of the first world country making $4000/month be like $1500 phone is too expensive.
- rangestransform 2y agoif they let a country extort them, others will follow