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Indonesia Says Apple's $100 Million Investment Proposal Inadequate
Indonesia rejected Apple's $100 million investment proposal to build an accessory and component plant, stating it was insufficient to lift the current ban on iPhone 16 sales in the country. Indonesia banned sales of Apple's iPhone 16 last month after it failed to meet requirements that smartphones s...
Indonesia rejected Apple's $100 million investment proposal to build an accessory and component plant, stating it was insufficient to lift the current ban on iPhone 16 sales in the country. Indonesia banned sales of Apple's iPhone 16 last month after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts. Apple has no manufacturing facilities in Indonesia, but has since 2018 set up application-developer academies, which Jakarta considers a way for the company to meet local content requirement for the sale of older iPhone models.
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