Apple Offers $100M Indonesia Investment
This is a Indonesia news story, published by KnowTechie, that relates primarily to Apple news.
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•Apple offers $100mn investment in Indonesia to lift iPhone 16 sales ban
78% Informative
Last month , the Indonesian government banned the sale of the iPhone 16 in the country due to Apple ’s failure to meet its promised investment commitments.
Apple had pledged to invest approximately $109 million in infrastructure and local sourcing facilities in Indonesia .
However, the company fell short by $14 million , having only invested $95 million .
In response to the ban, Apple initially proposed an additional $10 million investment to lift it.
A recent report reveals that Apple has dramatically increased its offer, proposing a $100 million investment over two years .
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