On November 19, Bloomberg reported that Apple proposed to invest nearly US$100 million (currently about RMB 724 million) in Indonesia over two years in an effort to lift the country's ban on sales of new iPhones, an increase of nearly ten times compared to its previous proposal.
People familiar with the matter said that after seeing Apple's willingness to increase investment, the Indonesian Ministry of Industry asked the tech giant to change its investment plan and focus more on smartphone research and development in the country (subject to the 40% localization requirement). Of course, the Indonesian Ministry of Industry has not yet made a final decision on Apple's latest proposal.
According to the Indonesian government, Apple has only invested 1.5 trillion rupiah in the country through its developer academy, less than the promised 1.7 trillion rupiah.
In addition to Apple, Indonesia has also banned the sale of models such as Google Pixel due to similar underinvestment issues.
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