🇮🇩 Indonesia blocked Apple Inc. from selling its latest iPhones in Southeast Asia’s largest economy, saying the company has yet to meet local investment requirements.
The industry ministry said earlier in October that Apple has only invested 1.5 trillion rupiah ($95 million) in Indonesia, below its commitment of 1.7 trillion rupiah. Apple built four developer academies in the country in lieu of establishing a local manufacturing facility, though CEO Tim Cook said in April that the company was looking into the feasibility of doing so.
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