Indonesia has lifted the ban on the sale of the iPhone 16 model after Apple agreed to invest US$1 billion in the country. The ban was imposed in October because Apple failed to meet local investment regulations requiring that 40 percent of phones be made from local parts. Investment Minister Rosan Roeslani told reporters that Apple is fully committed to the investment.
The company will set up a factory in the Batam industrial zone to produce AirTags, which will meet 65 percent of global demand. However, the sale ban on the iPhone 16 was lifted as Apple agreed to invest in the country. Indonesia also banned the sale of Google Pixel phones for failing to meet the 40 percent parts requirement
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple to Meet Indonesian Officials to Discuss Investment for iPhone 16 SalesApple will meet with Indonesian officials to discuss investment plans, a necessary step for the company to sell its latest iPhone 16 in the country.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »