Huawei spinoff Honor announced plans to enter the Indonesian market, launching smartphone sales by March. The move positions Honor as the latest Chinese company targeting Southeast Asia's largest economy, where Apple’s iPhone 16 faces a ban due to local production rules requiring 40% domestic components. Honor's initial lineup will include a folding phone and 10 mid-to-high-end products, expanding to 30 devices, including tablets, by year-end. Indonesia's rapid economic growth and expanding middle-class position it as a key Southeast Asian market, accounting for 35% of the region's smartphone shipments and serving as a strategic hub.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Huawei spinoff Otter announced plans to enter the Indonesian market, launching smartphone
00:07sales by March. The move positions Otter as the latest Chinese company targeting Southeast Asia's
00:12largest economy, where Apple's iPhone 16 faces a ban due to local production rules requiring
00:1840 percent domestic components. Otter's initial lineup will include a folding phone and 10
00:23mid-to-high-end products, expanding to 30 devices, including tablets, by year-end.
00:28Indonesia's rapid economic growth and expanding middle class position it as a key Southeast
00:33Asian market, accounting for 35 percent of the region's smartphone shipments
00:37and serving as a strategic hub. For all things money, visit Benzinga.com.