Reported 1 day ago
Indonesia has announced that Apple Inc. has made an improved investment offer of $1 billion to lift the ban on selling iPhone 16 devices in the country. This offer is a significant increase from its previous bid of $100 million and comes as Indonesia seeks to ensure that foreign companies provide better deals compared to their investments in Vietnam. The Indonesian government emphasizes the need for Apple to establish local manufacturing to create jobs and enhance the domestic economy, especially as President Prabowo Subianto aims for 8% economic growth during his term.
Source: YAHOO