iPhone 16 ban set to be lifted in Indonesia in return for $1B+

A months-long iPhone 16 ban in Indonesia finally looks set to be lifted, after Apple reportedly agreed to increase its billion dollar investment in the country. The launch of the iPhone 16e would have further added to pressure on the Cupertino company to agree a deal. The latest report says that Apple will sign an agreement with the Indonesian government later this week, with an official lifting of the ban set to be announced immediately afterwards … The saga of the iPhone 16 ban Apple initially invested in Indonesia by putting $109M into a developer academy there, with a further $10M manufacturing spend. The government said that Apple had fallen short on the first promise, spending only $95M. As a result, it banned the sale and use of iPhone 16 models. A population of around 280M and growing prosperity meant this was no small problem for Apple. The company responded by offering a ten-fold increase in its manufacturing spend in the country, from $10M to $100M. The government said ... Read full article.