Wants Cook to look under the couch again and find at least another $15 million
Indonesia's Ministry of Industry has snubbed Apple's proposal to invest 1.6 trillion Rupiah in an iPhone accessory and component factory, saying it's not enough to justify lifting a ban on sales of the iPhone 16 in the world's fourth-most populous nation.The minister cited Apple's unfulfilled promises to invest in Indonesia and lack of locally produced components as reasons for the ban.
The government rated Apple's offer as uncompetitive compared to its activities in other countries, as well as rival smartphone brands that operate in Indonesia. The government also feels the offer doesn't adequately add value or contribute to state revenue, or meet job creation expectations.Apple beats expectations, but drops in China
The sales were purported to generate an estimated Rp30 trillion for the iCompany – a figure rather larger than its $100 million factory offer.
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