Apple to invest $100m in Indonesia, hoping to unlock iPhone 16 sales

Pushed by Jakarta, tech giant proposes sum 10 times larger than previous offer

Apple looks to invest $100 million in Indonesia so that the government will let the company sell its iPhone 16 series there. (Source photos by Reuters and Yuki Kohara)

ISMI DAMAYANTI and REZHA HADYAN, Nikkei staff writers

November 20, 2024 22:52 JST

JAKARTA -- Apple has proposed investing $100 million in Indonesia in order to restart sales of its latest iPhone in the country, the Ministry of Industry announced on Wednesday.

The government has banned the sale of the iPhone 16 series, arguing Apple failed to fulfill a pledge made in April to invest 1.7 trillion rupiah ($107 million) in Indonesia.