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Indonesia Wants Larger Apple Investment to Lift iPhone 16 Ban
The Indonesian government is pushing Apple for a higher investment than its recently proposed $100 million before it will consider lifting its...
Industry minister Agus Gumiwang Kartasasmita has held internal meetings to discuss Apple's proposal, but a ministry spokesperson reportedly said that the government expects more substantial commitments from the company. The ongoing negotiations follow Indonesia's October 28 ban on iPhone 16 sales, implemented after authorities determined Apple had not met the country's requirement for 40% domestic content in smartphones. In a research note this week, outlining key takeaways from the trip, the analysts said they have "confirmed" that a fourth-generation iPhone SE with an Apple-designed 5G modem is slated to launch towards the end of the first quarter next year.
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