Indonesia Says Apple to Offer $1 Billion to Lift iPhone Ban
- Government expects written commitment from Apple next week
- Sale of iPhone 16s still blocked amid investment debacle
This article is for subscribers only.
Indonesia said that it has received an improved investment offer worth $1 billion from Apple Inc., in the tech giant’s latest bid to lift a ban on the sale of iPhone 16 devices in Southeast Asia’s largest economy.
The Indonesian government and Apple have settled upon the number as a “first phase” of outlay, Investment Minister Rosan Roeslani told lawmakers on Tuesday, adding that he expects to get a written commitment letter from the company in a week.