Indonesia Rejects Apple's $100 Million Investment Proposal

📆 26/11/2024 05:04 a. m.
📰 theSundaily

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Indonesia has refused Apple's $100 million investment proposal aimed at lifting a ban on the iPhone 16's sale. The government claims the proposal lacks the required 'fairness'. The ban was initiated due to Apple's failure to meet local investment regulations.

: Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government.

Following the ban, Apple offered to increase its investments in Indonesia by $100 million to allow the new phone to be sold domestically. “Currently, Apple still has not invested in production facilities or factories in Indonesia,“ he said in a statement released late Monday.

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