Apple to offer Indonesia $1bn in investment, minister says

Move would be 10 times tech giant's previous bid to end iPhone 16 sales ban

20241203 iPhone 16.JPG

iPhone 16s on sale in the U.S. Indonesia has banned the sale of the Apple devices because they do not meet the country's local content criteria. © Reuters

ISMI DAMAYANTI and REZHA HADYAN, Nikkei staff writers

JAKARTA -- Indonesian Minister of Investment Rosan Roeslani has said tech giant Apple has expressed an intention to invest $1 billion in the country, 10 times the amount it offered last month, in a bid to overturn a ban on iPhone 16 sales.

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