Apple, Indonesia discuss investment proposal meant to lift iPhone sales ban

Indonesia’s industry minister met with Apple representatives on Tuesday to discuss potential investment in the country. Such investment is a requirement for Apple to sell its latest iPhone 16 in Indonesia, according to the minister.
Reuters:
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Indonesia last year banned sales of the iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts.
Industry Minister Agus Gumiwang Kartasasmita told reporters he met with Apple’s vice president of global government affairs, Nick Ammann, and other executives and that negotiations of Apple’s new investment proposal were underway…
Another Indonesian cabinet minister said last year Apple had offered to invest $1 billion in a manufacturing plant that produces components for smartphones and other products in order to comply with regulations and get the sales ban lifted.
Agus declined to confirm those details, but said hypothetically “if it is $1 billion, it is not sufficient.”

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MacDailyNews Take: As we wrote early last month:
This is how the game is played. If Apple wants access to a lucrative market, the lucrative market can (and should) demand something in return.

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