Indonesia allows Apple to sell iPhone 16 in the country, but on these terms

Indonesia will soon lift its ban on the iPhone 16, ending a months-long standoff with Apple after the tech giant agreed to invest more than $300 million in the Southeast Asian nation, Indonesia’s Industry Minister announced Wednesday.

The ban, imposed in October 2024, stemmed from Apple’s failure to meet Indonesia’s requirements that smartphones sold domestically contain at least 40% locally-produced components. After what Minister Agus Gumiwang Kartasasmita described as “tricky” negotiations, both sides have reached an agreement.