44M R D Investment Buys Apple The Right To Sell The Iphone 7 In Indonesia
Apple has been granted the right to sell the iPhone 7 in Indonesia following an agreement to invest around $44M in an R&D center in the country, reports Reuters. The investment was first rumored in November, and has now been confirmed by a senior government official in a text message. Indonesia is an extremely important market for Apple as the world’s fourth most populous country after China, India and the USA … “Apple has committed around $44 million to invest in R&D over three years,” Suryawirawan said....