Apple to invest $1b in Indonesia for iPhone 16 launch

Apple agreed to invest $1 billion in Indonesia to facilitate the launch of its latest iPhone 16 model in the world’s fourth most populous nation, the Indonesian Investment Minister Rosan Roeslani confirmed on Wednesday.

Rosan Roeslani stated that intensive negotiations are underway to finalise the investment model and partnerships with local sales vendors. “These discussions are just to fine-tune the specifics,” he said.

Initially, Apple had planned to commence its investment in 2026. However, the Indonesian government has urged the company to expedite its timeline, aiming for a 2025 start.

The move comes after Apple faced restrictions on the sale of the iPhone 16 in Indonesia due to non-compliance with the country’s minimum local content requirements.

Attribution: Xinhua

Subediting: M. S. Salama