Apple has proposed that Indonesian authorities invest $1 billion into its economy to lift the ban on sales of the iPhone 16 introduced at the end of October. The country’s government said it was waiting for a written commitment from the company, Bloomberg reports.
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Indonesian Investment Minister Rosan Roeslani noted that Apple benefits from Indonesia, so it should invest in it and create jobs. In his words, the authorities agreed with the computer giant an amount of one billion dollars as a “first stage.”
Previously, Apple proposed investing $100 million in the Indonesian economy to lift the restriction on sales of the iPhone 16. The corresponding ban was introduced at the end of October. The reason was that the American company did not meet the requirements of the authorities, according to which smartphones must be at least 40% localized.
In addition, Apple failed to meet its investment obligations in the Indonesian economy: it was supposed to invest 1.7 trillion rupiah (about $107 million), but it only invested 1.5 trillion rupiah, the Ministry of Industry.
As Bloomberg notes, Indonesia represents a promising growth market for Apple because the country has a young and increasingly tech-savvy population. Indonesia has more than 350 million active mobile phones, more than the country’s population of 270 million, according to officials.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
