(Reuters) – News has emerged that Indonesia and Apple have reached a consensus to revoke the restriction on the iPhone 16, with the possibility of finalizing the agreement as early as this week, according to sources acquainted with the situation as reported by Bloomberg News on Tuesday. The ban on the iPhone 16 was enforced by Indonesia in October following Apple’s failure to comply with the stipulation that smartphones distributed within the country must consist of a minimum of 35% locally-manufactured components. Subsequently, the Minister of Investment in Indonesia divulged that Apple is contemplating an investment of $1 billion in a production facility dedicated to manufacturing components for smartphones and other related products. In addition to this significant investment, Apple is purportedly planning to impart training to local individuals in the field of research and development concerning its products, to be facilitated through initiatives distinct from the current Apple academies, as per the report. Nonetheless, indications suggest that Apple currently has no imminent intentions to commence iPhone production within Indonesia. Both Apple and Indonesia’s Ministry for Industry, entrusted with the enforcement of the ban, have refrained from providing immediate responses to requests for comment from Reuters, as well as Bloomberg. (Reporting by Pretish M J in Bengaluru; Editing by Savio D’Souza)
