Apple Inc. (NASDAQ:AAPL) remains unable to sell its iPhone 16 in Indonesia.
What Happened: Apple has not met Indonesia’s domestic content requirements, which stipulate that smartphones sold in the country must include at least 35% locally-made components.
This rule led to the ban on iPhone 16 sales last year.
According to Indonesia’s Industry Minister Agus Gumiwang Kartasasmita, Apple has agreed to establish a facility on Batam Island to produce its AirTag devices.
However, this does not satisfy the local content criteria for iPhones, reported Reuters.
“There is no basis for the ministry …
Full story available on Benzinga.com
Apple Inc. (NASDAQ:AAPL) remains unable to sell its iPhone 16 in Indonesia.
What Happened: Apple has not met Indonesia’s domestic content requirements, which stipulate that smartphones sold in the country must include at least 35% locally-made components.
This rule led to the ban on iPhone 16 sales last year.
According to Indonesia’s Industry Minister Agus Gumiwang Kartasasmita, Apple has agreed to establish a facility on Batam Island to produce its AirTag devices.
However, this does not satisfy the local content criteria for iPhones, reported Reuters.
“There is no basis for the ministry …
Full story available on Benzinga.com
Apple Inc. (NASDAQ:AAPL) remains unable to sell its iPhone 16 in Indonesia.
What Happened: Apple has not met Indonesia’s domestic content requirements, which stipulate that smartphones sold in the country must include at least 35% locally-made components.
This rule led to the ban on iPhone 16 sales last year.
According to Indonesia’s Industry Minister Agus Gumiwang Kartasasmita, Apple has agreed to establish a facility on Batam Island to produce its AirTag devices.
However, this does not satisfy the local content criteria for iPhones, reported Reuters.
See Also: Amid Nvidia’s CES 2025 Buzz, Investors Overlooked Apple Supplier Foxconn’s Strong Q4, Says Jim Cramer
“There is no basis for the ministry …Full story available on Benzinga.com Read MoreAAPL, AAPL, Appleverse, benzinga neuro, Consumer Tech, gadgets, Indonesia, News, SSNLF, Stories That Matter, Tech, Media, AAPL, US0378331005, SSNLF, News, Tech, Media, Benzinga News