Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
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Apple's proposal to invest $100 million in Indonesia is under scrutiny as the iPhone 16 does not meet the country's 40% domestic content requirement. The Indonesian government is seeking a better offer from Apple to allow the sale of the iPhone 16 in the country.
November 22, 2024 | 7:00 am
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Apple's $100 million investment proposal to sell the iPhone 16 in Indonesia is insufficient as the device doesn't meet the 40% domestic content requirement. The government demands a better offer.
Apple's inability to meet Indonesia's domestic content requirement for the iPhone 16 could delay or prevent its sales in a significant market. The government's demand for a better offer suggests potential increased costs or investments for Apple, which may negatively impact short-term stock performance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90