Apple Inc. has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16.

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Benzinga

New York

United States

Apple's $100 Million Gamble, Tech Giant Moves to Lift Indonesia's iPhone Ban - Alphabet (NASDAQ:GOOG), Apple (NASDAQ:AAPL)

Apple Inc. has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant's latest bid to persuade the government to lift its sales ban on the iPhone 16. The proposal would see Cupertino-based Apple invest almost $100 million in Southeast Asia's largest economy over two years, the people said, asking not to be identified because they're not authorized to speak publicly. Apple'…

Media Bias/Fact Check

NDTV

Independent Media

Gautam Adani

New Delhi

Delhi Division

Delhi

India

Apple Offers $100 Million To Undo Indonesia iPhone 16 Ban

By offering to invest in the country, Apple is seeking to get unfettered access to Indonesia’s 278 million consumers, more than half of which are under the age of 44 and tech savvy.

The Star Kuala Lumpur

Star Media Group

Malaysia

Apple said to offer US$100mil to undo Indonesia iPhone 16 ban

Apple Inc (NASDAQ:AAPL) is stepping up its efforts to address a sales ban on its iPhone 16 in Indonesia by proposing a substantial $100 million investment. The tech giant aims to strengthen its position in one of Southeast Asia’s largest markets by meeting the country’s stringent domestic content requirements. Earlier this year, Apple failed to meet Indonesia’s Domestic Content Level threshold, a prerequisite for certifying imported products lik…

Ad Fontes Media

All Sides

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Apple Offers $100 Million to Undo Indonesia iPhone 16 Ban

Indonesia has demanded that Apple alter its offer to prioritize research and development for its smartphones in the country.AppleApple has offered a $100 million investment to lift Indonesia's iPhone 16 sales ban, Bloomberg says.Indonesia has blocked iPhone 16 sales because they do not contain 40% locally made components.As the world's fourth most populous nation, Indonesia is an important and growing market for Apple.Apple has reportedly offere…

Business Insider

Apple reportedly offers $100 million investment to end iPhone 16 sales ban in the world's 4th-most-populous country

Apple has significantly increased its investment proposal to Indonesia, from nearly $10 million to almost $100 million over two years, in an attempt to overturn a sales ban on the iPhone 16.  The Indonesian government, however, is requesting that Apple shift its investment focus towards research and development for smartphones within the country.

The Economic Times

Sahu Jain family

Apple offers $100 million to undo Indonesia's iPhone 16 ban

IDC, a market intelligence firm, notes that Indonesia is one of Apple's fastest growing markets in Southeast Asia.

Fortune

Chatchaval Jiaravanon

Apple's trying to undo an iPhone sales ban in Indonesia with a reported $100 million investment

Apple has reportedly proposed a $100 million investment spread over two years. However, Indonesia's Ministry of Industry remains undecided, apparently pushing Apple to focus this funding on research and development rather than existing manufacturing efforts

Firstpost News

Mukesh Ambani

Mumbai

Maharashtra

Apple to increase investment in Indonesia by 10X to reverse iPhone ban, invest over $100 million

The essential tech news of the moment. Technology's news site of record. Not for dummies.

Techmeme

California

Sources: Apple has raised its offer to invest in Indonesia from about $10M to almost $100M, in a bid to persuade the government to lift its iPhone 16 sales ban

Apple Inc. has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16.The proposal would see Cupertino-based Apple invest almost $100 million in Southeast Asia’s largest economy over two years, the people said, asking not to be identified because they’re not authorised to speak publicly. Apple’s…

Apple Offers $100 Million to Undo Indonesia iPhone 16 Ban

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