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Indonesia Rejects Apple's $100 Million Investment Proposal to Lift iPhone 16 Sales Ban
Nov 25, 2024, 12:43 PM
Indonesia has rejected Apple's $100 million investment proposal to lift the sales ban on the iPhone 16, citing fairness concerns. A top government official noted that Apple's proposed investment is significantly lower compared to its $15 billion investment in Vietnam, where Apple sells fewer units. The industry minister indicated that Jakarta is seeking further negotiations before any decision is made regarding the sales ban. Apple's proposal included plans to build an accessory and component plant in Indonesia. Rivals like Samsung and Xiaomi have also been investing in the region.
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