Bisnis.com, JAKARTA — Electronics retailer PT Erajaya Swasembada (ERAA) is upbeat on seeing a performance recovery in Q2 and following quarters after the company started sales of iPhone 16 in April.Â
The retailer that owns the iBox brand saw sluggish earnings last quarter, primarily mainly due to the delayed release and marketing of the iPhone 16 in Indonesia. According to its financial report, ERAA posted a net profit of IDR 203.25 billion in Q1 2025, down 20.37% year-on-year (YoY) compared to IDR 255.24 billion in Q1 2024.Â