US EditionIndonesia, Apple agree on terms to lift iPhone 16 ban: Bloomberg News
- Indonesia and Apple have agreed to lift the ban on iPhone 16s, ending a five-month negotiation that increased Apple's promised investment to $1 billion.
- The Ministry for Industry will sign a memorandum of agreement with Apple to allow iPhone 16 sales, aiming to boost local manufacturing.
- Apple's investment will focus on training locals and establishing research and development facilities, satisfying government demands.
- The deal provides Apple access to Indonesia's large market of 278 million consumers as sales in China have slowed.
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Indonesia might lift its iPhone ban for $1 billion
The iPhone 16 might just finally be coming to Indonesia. The island nation has reached an agreement with Apple to lift the country's ban on iPhone 16 sales, Bloomberg reports, citing familiar sources. Apple must invest $1 billion in Indonesia and train locals in the company's research and development to create their own products. Indonesia banned the iPhone 16 in October, following Apple's failure to meet its 1.71 trillion rupiah ($109 million) …
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