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.
Apple Investment Proposal Indonesia Iphone 16 Sales Ban Local Investment Regulations
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