Indonesia upholds iPhone 16 sales ban after Apple offers $1 bn investment
AFP | Jakarta
Email : editor@newsofbahrain.com
Indonesia on Wednesday upheld a ban on iPhone 16 sales despite Apple’s $1 billion pledge to invest in the country after a negotiation deadlock, citing the company’s failure to meet domestic market requirements.
Indonesia in October prohibited the marketing and sale of the iPhone 16 model over Apple’s failure to meet local investment regulations requiring that 40 percent of phones be made from local parts as the country seeks to boost investments from giant tech companies.
Investment Minister Rosan Roeslani told reporters on Tuesday that Apple was fully committed to invest $1 billion to build an AirTag factory on Batam island, which was expected to supply 65 percent of the global supply.
It was unclear if the deal on the factory in the industrial zone had been signed.
Related Posts