Indonesia expects Apple to invest $1 billion to get the iPhone 16 back on sale

Indonesia’s funding minister, Rosan Roeslani, mentioned that the nation is from Apple as an funding. It’s necessary to notice that Indonesia has gross sales domestically as a result of the smartphones should comprise a minimum of 40 p.c locally-made components. Apple doesn’t have any manufacturing services in Indonesia, so it can’t meet this requirement.

Roeslani additional mentioned that Apple ought to make investments much more sooner or later if it intends to make Indonesia part of its provide chain. He additionally remarked on how an Indonesian Apple plant can create jobs.

Beforehand, Apple had proposed to in constructing an adjunct and part plant in Indonesia. The Indonesian authorities it on account of not assembly “ideas of equity.”

Whereas Apple nonetheless doesn’t have native crops to fulfill the 40 p.c native content material requirement, it does have software developer academies in Indonesia. That was why older iPhone fashions could possibly be bought within the nation. They continue to be on sale as of now, and there’s been no indication that Indonesia is seeking to ban them presently.

Reuters had contacted Apple for touch upon the scenario however has but to obtain a reply.