Indonesia hasn’t budged on Apple’s $10 million investment offer to lift an iPhone 16 sales ban, so the company has reportedly increased its offer to $100 million.
Indonesia Ministry of Industry blocked Apple’s ability to sell the iPhone 16 in the country after falling short of a $109.6 million commitment to invest. Apple reportedly offered an additional $10 million investment on November 5, but that appears to have not been enough to get the sales ban lifted.
According to a report from Bloomberg, Apple has allegedly offered to invest almost $100 million into Indonesia over the next two years. The Ministry of Industry hasn’t made a decision yet, but it is reportedly demanding Apple rethink its investment plans to focus on R&D.
The iPhone 16 ban and investments from Apple stem from a rule that requires a valid Domestic Content Level certificate to sell products like iPhones in Indonesia. Apple had one until it fell short of the 40% investment threshold by investing $94.53 million instead of the needed $107.6 million or so.
Previous investments went to manufacturing companies and the creation of Apple Academies. A fourth Apple Developer Academy opened in Indonesia in April 2024.
No official word from Apple or the Indonesian Ministry of Industry has been released. If Apple invests the new $100 million offer satisfactorily, the iPhone 16 ban will likely be lifted.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.