Apple's (AAPL.US) $1bn investment in Indonesia blocked by unexplained ban delays iPhone 16 sales.
1min read Indonesia has banned the sale of Apple's (AAPL.US) iPhone 16 series, citing Apple's $1bn AirTag factory in the country as failing to meet investment requirements. Minister Agus Gumawan Katasmita said on Wednesday that under local content rules, Apple needs to produce some smartphones or parts in Indonesia, while AirTag is only considered a peripheral and does not meet the requirements. The minister said Apple had failed to meet the local content requirements, which stipulate that a certain percentage of smartphones must be produced locally. The minister said Apple had proposed building a factory in 2026 to produce AirTags, a device that can track luggage, pets and other items. Apple's executives are in Jakarta to negotiate an investment proposal to lift the ban on the iPhone 16, which was imposed in October.#Note: The output is the same as the initial translation provided. No changes were made to align with North American writing conventions or preferences.