ERAA - Eyes growth amid Ramadan sales & iPhone 16 launch

ERAA - Eyes growth amid Ramadan sales & iPhone 16 launch Erajaya Swasembada (ERAA) anticipates positive momentum from Ramadan sales and the upcoming iPhone 16 launch in Indonesia. Apple's iPhone 16 is in the final stages of regulatory approval to evaluate certification by 19’Mar 2025. Apple has already secured 40% Local Content (TKDN) approval, surpassing the government’s 35% requirement. Note that, ERAA recorded sales of IDR48.61 tn (+13.53% yoy) and net profit of IDR852.95 bn (+69.82% yoy) in 9M24. (Source : Bisnis Indonesia)