Apple To Boost Its Investment In Indonesia To $100 Million, After The $10 Million Figure Was Deemed Insufficient By The Government To Lift iPhone 16 Sales Ban

Apple to increase investment in Indonesia to $100 million

A $10 million investment was initially proposed by Apple to set up facilities in Indonesia, with the company thinking that it would be sufficient to lift the iPhone 16 sales. Unfortunately, the government has taken offense to the Cupertino firm’s ‘low’ offer and would not lift the ban until more funds are poured into the region. According to the latest report, Apple has now increased the total investment to $100 million, making it ten times higher than the previous figure. The $100 million amount will be invested by Apple over a period of two years, and will likely boost iPhone […]

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