iPhone 16 ban in Indonesia may lift soon; I strongly believe…, says investment minister
Indonesia is close to reaching an agreement with Apple, likely allowing iPhone 16 sales to resume. The sales were banned as Apple didn't meet the local content requirement of 40% domestically-sourced components. Negotiations included a $1 billion investment proposal from Apple, but it was initially rejected by the Industry Minister. Discussions are ongoing for a resolution.
Indonesia is close to reaching an agreement with Apple, likely allowing iPhone 16 sales to resume. The sales were banned as Apple didn't meet the local content requirement of 40% domestically-sourced components. Negotiations included a $1 billion investment proposal from Apple, but it was initially rejected by the Industry Minister. Discussions are ongoing for a resolution.
