While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

Key Points

Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.
The populous Southeast Asian country has banned Apple’s iPhone 16 over domestic production requirements.
As of November, Oppo, Xiaomi and Transsion — all China-based — held the top three spots in Indonesia by smartphone shipments, according to Canalys.

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Finance

A 5 million percent return in 60 years leaves Warren Buffett’s legacy unmatched

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Key Points Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500’s 10.4%. As Buffett relinquishes the helm, investors are increasingly focused on what disappears with him. Source

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