Indonesia, 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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Coverage Details
Total News Sources28
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
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