Apple Inc (NASDAQ:AAPL) faces challenges in Indonesia as the government deems the tech giant’s proposed $100 million investment insufficient to lift a ban on selling its latest iPhone model. The restriction is tied to regulations mandating that smartphones sold domestically must contain at least 40% locally sourced components.
Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, stated that Apple’s proposal needs to align with fairness principles, particularly when compared to the company’s more significant investments in Vietnam and Thailand, the Bangkok Post reports.
