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Did Indonesia Just Put Apple in a Tight Spot?
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Subscribe27 NOV 2024 / FINANCE
Indonesia has suspended iPhone 16 sales, citing unmet domestic content requirements and Apple's insufficient $100m investment proposal. This demand for a more meaningful economic contribution from foreign firms is also reflected in similar restrictions on Google Pixel phones and TikTok, as part of Indonesia's drive to boost its local industries.
“Fair is fair,” and Indonesia isn’t feeling the love from Apple’s $100-million investment proposal. The Southeast Asian giant has pumped the brakes on iPhone 16 sales, saying the offer falls short of what’s needed to open up the country’s market. Apple ha...
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