Indonesia to Lift iPhone 16 Sales Ban

Key Summary:
- Indonesia has reached an agreement with Apple
- Apple plans innovation roadmap for 2025-2028
- A win for Indonesia after 5 months of discussions
The Indonesian government has reached an agreement with Apple to lift the country’s iPhone 16 sales ban after months of negotiations over investment regulations requiring locally sourced components.
Context: The iPhone 16 series was launched globally in October 2024. However, sales in Indonesia were halted given that Apple failed to meet the country's 40% local content (TKDN) production requirement for smartphones.