Bloomberg reports that Apple has submitted a new proposal to the Ministry of Industry in Indonesia, investing approximately 100 million dollars in the country over a 2-year period. This is a significant increase from their initial offer of 10 million dollars, focusing on establishing a supplementary equipment manufacturing facility in Bandung.
Apple anticipates that this proposal will prompt the Ministry to revoke the ban on selling the iPhone 16 in Indonesia, citing Apple’s lower investment compared to the previously agreed amount.
Indonesia mandates that companies selling smartphones and tablets must invest in various sectors within the country, amounting to at least 40% of their sales. Apple has already invested 1.5 billion rupiahs, which is slightly less than the agreed 1.7 billion rupiahs. In addition to Apple, Google has also been banned from selling Pixel smartphones.
Source: Bloomberg
TLDR: Apple proposes a 100 million dollar investment in Indonesia, expecting it to lift the ban on iPhone 16 sales, despite investing slightly less than the required amount. Google faces a similar ban on selling Pixel smartphones.
Leave a Comment