iPhone 16 ban takes effect! Indonesia states Apple will increase investment to 1 billion USD
Indonesian officials said on Tuesday that they have received a $1 billion investment proposal from Apple, which is the tech giant's latest effort to lift the sales ban on the iPhone 16 in this Southeast Asian economy. Indonesian Investment Minister Rosan Roeslani told lawmakers on Tuesday that the Indonesian government and Apple have agreed on this figure as the "first phase" of the company's investment, adding that he expects to receive a written commitment from Apple within a week. Roeslani stated, "We want to see fairness. You benefit here. You invest here and create jobs." It is reported that Apple previously proposed a $100 million investment plan to establish a factory in Indonesia for producing accessories and components. However, the Indonesian government was not satisfied with this investment amount and maintained the sales ban on Apple's iPhone 16 series. The Indonesian government banned the sale of the iPhone 16 on the grounds that Apple did not meet the localization requirements for smartphones and tablets. For similar reasons, Indonesia also banned the sale of Google Pixel phones
According to the Zhitong Finance APP, Indonesian officials stated on Tuesday that they have received a $1 billion improvement investment offer from Apple (AAPL.US), which is the latest effort by the tech giant to lift the sales ban on the iPhone 16 in this largest economy in Southeast Asia.
Indonesian Investment Minister Rosan Roeslani told lawmakers on Tuesday that the Indonesian government and Apple have agreed on this figure as the "first phase" of the company's investment, adding that he expects to receive a written commitment from Apple within a week.
Roeslani stated, "We want to see fairness. You benefit here. You invest here and create jobs."
It is reported that Apple previously proposed a $100 million investment plan to establish a factory in Indonesia for producing accessories and components. However, the Indonesian government was not satisfied with this investment amount and maintained the sales ban on the iPhone 16 series.
The Indonesian government banned the sale of the iPhone 16 on the grounds that Apple did not meet the localization requirements for smartphones and tablets. For similar reasons, Indonesia also banned the sale of Google (GOOGL.US) Pixel phones