From PC Mag: Apple and Indonesia have reportedly reached a deal to allow the company to sell the iPhone 16 in the country.
As Bloomberg reports, Apple has pledged to invest $1 billion in Indonesia and will give locals research and development training. There are no plans to build iPhones in the country, though that $1 billion will include funding for a plant on the island of Batam to make AirTags.
A formal announcement could be made this week; it could also fall apart since "Indonesia has backtracked on decisions before," Bloomberg notes.
The iPhone 16 has been banned in the country since its release after Apple failed to meet investment promises and a legal requirement to use 40% locally manufactured components.
Apple’s initial offer to invest $100 million was rejected by the Ministry for Industry, after which the tech giant submitted a much bigger proposal of $1 billion. President Prabowo Subianto directed the ministry to accept the substantially improved offer, but it upheld the ban last month and sought better terms.
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