Apple, Indonesia 'agree on terms' to lift iPhone 16 ban

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JAKARTA — Indonesia and Apple Incorporated have agreed on terms to lift the country's ban on iPhone 16s, said people familiar with the matter, paving the way to end a five-month tug-of-war that forced the US tech giant to raise its promised investment in the country to US$1 billion.

Apple's $1 billion offer includes setting up a plant on the island of Batam to produce AirTags, a device that allows users to track their luggage, pets or other belongings.

For Apple, the deal gives it access to Indonesia's massive consumer market at a time when sales in China have slowed.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndonesiaUnited States

Topics: Apple Deal Investment Tech Indonesia Billion People Industry Terms Ministry Country

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 13:42:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 736 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26425199

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 2 hours ago

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Publisher ID: #66

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