Reported about 6 hours ago
Indonesia has deemed Apple's proposal of a $100 million investment to build an accessory and component plant insufficient to permit the sale of the latest iPhone model. The country previously banned the sale of the iPhone 16 due to non-compliance with local component requirements. Industry Minister Agus Gumiwang Kartasasmita criticized the offer, noting it falls short compared to Apple's larger investments in neighboring countries and emphasized the need for Apple to fulfill an earlier investment commitment and make new commitments by 2026.
Source: YAHOO