Apple shares: Strong growth observed

At the recent annual general meeting of iPhone company Apple, shareholders sent a clear message: The majority rejected the demand to stop the company's diversity initiatives. This decision contrasts with a broader trend in the USA, where numerous companies are scaling back or completely scrapping their DEI (diversity, equity, inclusion) programs. During the meeting, CEO Tim Cook emphasized the importance of Apple's "unique corporate culture" for its success, but at the same time pointed out that adjustments may be necessary if the legal landscape changes. The push to abolish the diversity programs came from a conservative think tank that argued that there were legal risks - Apple countered that the proposal represented an impermissible interference in day-to-day business. While tech giants such as Google and Meta have already reduced their DEI activities, Apple joins companies such as Delta Air Lines and Costco that are sticking to their programs. Apple shares reacted cautiously to the news, recording a slight decline of 0.26 percent to $246.41 in premarket trading on the NASDAQ.

Challenges on the Indonesian market

At the same time, a significant development is emerging for Apple in the important Indonesian market. As Industry Minister Agus Gumiwang Kartasasmita announced, the company will soon receive a local content certificate, which is required for the sale of the new iPhone 16 models in the country. Last year, Indonesia banned the sale of these devices because Apple had not met the necessary requirements regarding local production shares. However, recent negotiations have apparently reached agreements that include the construction of a manufacturing facility and a research and development center in Indonesia. With around 280 million inhabitants, Indonesia represents a significant growth market for Apple, which can now be opened up again.

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