Apple has increased its offer to invest in Indonesia by almost tenfold in the company’s latest bid to persuade the government to lift its sales ban on the iPhone 16.

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	Forwarded this email? Subscribe here for more Apple offers $100 million to cancel Indonesia’s iPhone 16 ban MacDailyNews Nov 19   READ IN APP   Apple’s A18-powered iPhone 16 Apple has increased its offer to invest in Indonesia by almost tenfold in the company’s latest bid to persuade the government to lift its sales ban on the iPhone 16. Bloomberg News reports citing “people familiar with the matter.” Faris Mokhtar for Bloomberg News: ‎ 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’s previous investment plan of close to $10 million would have involved the company investing in a factory making accessories and components in the city of Bandung, located southeast of Jakarta, Bloomberg News reported earlier. After Apple submitted its increased offer, Indonesia’s Ministry of Industry, which last month blocked a permit allowing the sale of the iPhone 16, is now demanding that the technology behemoth alter its investment plans to focus more on research and development for its smartphones in the country, the people said. The Ministry of Industry hasn’t made a final decision on Apple’s newest proposal, they added. Apple’s new investment proposal came after the Ministry of Industry last month blocked sales of the iPhone 16 on the grounds the US company’s local unit hasn’t met a 40% domestic content requirement for smartphones and tablets. According to the Indonesian government, Apple has only invested 1.5 trillion rupiah ($95 million) in the nation via developer academies, falling short of a commitment of 1.7 trillion rupiah. The Southeast Asian nation has also banned the sale of Alphabet Inc.’s Google Pixel phones because of a similar lack of investment. ‎ MacDailyNews Take: Apple will consider building an assembly facility in Indonesia, CEO Tim Cook said in April after meeting President Joko Widodo, who hoped the tech giant would increase its local production by partnering with domestic firms. Cook did not provide a timeline for investments into the country. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe