Indonesia demands $109 million investment from Apple to bring iPhone 16 back to market

By: Nastya Bobkova | 23.11.2024, 00:40

The iPhone 16 series is banned in Indonesia due to Apple's failure to meet its investment commitments.

Here's What We Know

The country's government requires the company to invest at least $109 million in local research facilities, but Apple's proposal has been rejected so far.

Industry Ministry spokesperson Febri Henry Anthony Arif said Indonesia wants Apple to invest more in local manufacturing and include the country in its global supply chain.

Apple promised $109 million, but invested only $95 million. To comply with local laws, the company needs to either increase its investment or expand production of accessories and components in the country. Failure to do so could result in a long-term ban on the iPhone 16 and Apple Watch 10 in Indonesia.

Source: antaranews

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