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Apple Reaches $1 Billion Deal to Lift Ban on iPhone 16 in Indonesia [Report]
Apple has reached a deal with Indonesia to end a five-month standoff that blocked iPhone 16 sales in the country, according to new report from Bloomberg. The agreement, which includes a $1 billion investment commitment from the U.S. tech giant, resolves a dispute over local manufacturing rules and is expected to be formalized this week.The Indonesian Ministry of Industry plans to sign a memorandum of agreement with Apple soon, people close to the negotiations said. Once the agreement is signed, a press briefing will follow, and the ministry aims to issue a sales permit for the iPhone 16 as quickly as possible, the sources added. When asked for comment, Apple and the ministry did not respond.The conflict began in October when Indonesia denied a sales permit for the iPhone 16, arguing that Apple failed to meet domestic manufacturing requirements for smartphones and tablets. Initially, Apple proposed a $10 million investment to lift the ban, which was declined. The company then offered $100 million, which was also rejected. After Apple proposed a $1 billion investment, President Prabowo Subianto instructed his administration to accept it. Still, the Ministry of Industry held firm last month, pushing for better terms—an unexpected move that prolonged the impasse.Continue ReadingSpotlight Deal:Anker Announces New Sale: Up to 52% Off Smart Scales, Speakers, and More! [Deal]Share Article:Facebook, Twitter, LinkedIn, Reddit, EmailFollow iClarified:Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
![Apple Reaches $1 Billion Deal to Lift Ban on iPhone 16 in Indonesia [Report]](https://www.iclarified.com/images/news/96550/96550/96550-640.jpg)
Apple has reached a deal with Indonesia to end a five-month standoff that blocked iPhone 16 sales in the country, according to new report from Bloomberg. The agreement, which includes a $1 billion investment commitment from the U.S. tech giant, resolves a dispute over local manufacturing rules and is expected to be formalized this week.
The Indonesian Ministry of Industry plans to sign a memorandum of agreement with Apple soon, people close to the negotiations said. Once the agreement is signed, a press briefing will follow, and the ministry aims to issue a sales permit for the iPhone 16 as quickly as possible, the sources added. When asked for comment, Apple and the ministry did not respond.
The conflict began in October when Indonesia denied a sales permit for the iPhone 16, arguing that Apple failed to meet domestic manufacturing requirements for smartphones and tablets. Initially, Apple proposed a $10 million investment to lift the ban, which was declined. The company then offered $100 million, which was also rejected. After Apple proposed a $1 billion investment, President Prabowo Subianto instructed his administration to accept it. Still, the Ministry of Industry held firm last month, pushing for better terms—an unexpected move that prolonged the impasse.
Continue Reading
Spotlight Deal:
Anker Announces New Sale: Up to 52% Off Smart Scales, Speakers, and More! [Deal]
Share Article:
Facebook, Twitter, LinkedIn, Reddit, Email
Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
The Indonesian Ministry of Industry plans to sign a memorandum of agreement with Apple soon, people close to the negotiations said. Once the agreement is signed, a press briefing will follow, and the ministry aims to issue a sales permit for the iPhone 16 as quickly as possible, the sources added. When asked for comment, Apple and the ministry did not respond.
The conflict began in October when Indonesia denied a sales permit for the iPhone 16, arguing that Apple failed to meet domestic manufacturing requirements for smartphones and tablets. Initially, Apple proposed a $10 million investment to lift the ban, which was declined. The company then offered $100 million, which was also rejected. After Apple proposed a $1 billion investment, President Prabowo Subianto instructed his administration to accept it. Still, the Ministry of Industry held firm last month, pushing for better terms—an unexpected move that prolonged the impasse.
Continue Reading
Spotlight Deal:
Anker Announces New Sale: Up to 52% Off Smart Scales, Speakers, and More! [Deal]
Share Article:
Facebook, Twitter, LinkedIn, Reddit, Email
Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube
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