Indonesia has deemed Apple Inc.'s $100 million investment proposal as unfair, with a top government official indicating that further negotiations are necessary before the ban on domestic iPhone 16 sales can be lifted. The offered amount is considered insufficient compared to Apple's investments in other countries, according to Industry Minister Agus Gumiwang Kartasasmita.
Indonesia is evaluating a $100 million investment proposal from Apple Inc. aimed at lifting the sales ban on the iPhone 16. The proposal includes plans to establish a manufacturing plant for accessories and components. A meeting to discuss the offer is scheduled with the Minister of Industry, Agus Gumiwang Kartasasmita.
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