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Indonesia calls Apple’s US$100 mil investment offer unfair

Bloomberg
Bloomberg • 3 min read
Indonesia calls Apple’s US$100 mil investment offer unfair
Jakarta is seeking further negotiations before lifting a ban on domestic iPhone 16 sales. Photo: Bloomberg
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Apple’s proposal to invest US$100 million ($135 million) in Indonesia hasn’t met “fairness” principles, a top government official said, signalling Jakarta is seeking further negotiations before lifting a ban on domestic iPhone 16 sales.

The amount falls short of what the US tech firm has invested in other countries, Industry Minister Agus Gumiwang Kartasasmita told reporters on Monday. 

For instance, Apple has funneled more than 244 trillion rupiah ($20.72 billion) toward manufacturing facilities in Vietnam, where its market sales total just roughly 1.5 million units, the official said. In comparison, Apple has only invested about 1.5 trillion rupiah in developer academies in Indonesia, where it sells some 2.5 million units.

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