Indonesia Rejects Apple’s $100 Million Investment, iPhone 16 Still Banned

Posted under: Tech Move
Date: 2024-11-27
Apple's $100M Investment Rejected, Indonesia | Justo Global

Indonesia has declined Apple’s $100 million investment, citing unmet local content requirements. The government demands stronger commitments, including overdue investments and contributions to local manufacturing, in line with policies introduced in 2023. Competitors like Samsung and Xiaomi comply with the rules, dominating the market. With a population of 270 million, Indonesia holds growth potential for Apple, but the stalemate persists.

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