Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.

Indonesia said a $100 million investment proposal from Apple was not enough for the country to allow the tech giant to sell its latest iPhone.

JAKARTA: Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” re...

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government. Despite the sales ban, the Indonesian government still allows iPhone 16 to be carried into Indonesia if they are not being traded commercially.

Wants Cook to look under the couch again and find at least another $15 million

Indonesia rejected Apple's $100 million investment proposal to build an accessory and component plant, stating it was insufficient to lift the current ban on iPhone 16 sales in the country. Indonesia banned sales of Apple's iPhone 16 last month after it failed to meet requirements that smartphones s...

The Indonesian government expects Apple to invest more than $100 million into the country if it wants to sell its iPhone 16 in the growing market.