Apple Increases its Investment Offer to $1 Billion to Lift iPhone 16 Ban

• Not much has been revealed what is the use of the investment. The official proposal will be provided to Indonesian government this week.
• First offer is $10M for an accessory factory in Bandung, which Indonesia rejected. Then it increased tenfold to $100M, which Indonesia rejected too.
• This is still small compared to Apple's massive investment in Vietnam worth $15B.

But this is very much a massive W direction to 🇮🇩