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Apple can sell iPhone 7s in Indonesia after R&D investment commitment
- The new iphone 7 smartphone goes on sale inside an Apple Inc. store in Los Angeles, California, U.S., September 16, 2016.REUTERS/Lucy Nicholson/File PhotoJAKARTA Apple Inc has committed to invest around $44 million in a research and development center in Indonesia over the next three years, a senior government official said, enabling it to start selling its latest iphone 7 in the Southeast Asian nation.Indonesia, a promising smartphone market where Apple has trailed some rivals, has stipulated that starting from January 2017, all 4G handsets sold there must have a local content of at least 30 percent.
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$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."Apple has committed around $44 million to invest in R&D over three years," Suryawirawan said.
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Apple Allowed to Sell iPhone 7 in Indonesia After $44 Million R&D Investment Pledge
- Jakarta, Indonesia"Apple has committed around $44 million to invest in R&D over three years," I Gusti Putu Suryawirawan said in a text message."Therefore, they can distribute devices priced 6 million rupiah ($448) and above.That means all iPhones can be distributed."
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