Apple preparing $1 billion investment offer for Indonesia, minister says
By Jet Damazo-Santos ( December 4, 2024, 01:39 GMT | Insight) -- Indonesia says it expects to receive a formal $1 billion investment proposal from Apple in the latest development related to the saga over the tech giant’s banned iPhone 16 smartphone in the country. The new figure is 10 times higher than the $100 million offer Indonesia rejected last week as unfair when compared to Apple’s investments in other countries and to investments by other smartphone manufacturers in the country.Indonesia says it expects to receive a formal $1 billion investment proposal from Apple, marking the latest development in the ongoing dispute over the tech giant’s banned iPhone 16 in the country....
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