Reported about 1 month ago
Indonesia has blocked Apple Inc. from selling its iPhone 16 models, citing that the company has not met the local investment requirements necessary for marketing its latest smartphones. The regulation requires at least 40% domestic content, which Apple has failed to fulfill, despite having invested only 1.5 trillion rupiah out of its pledged 1.7 trillion rupiah. While older iPhone models can still be sold, this decision poses a significant hurdle for Apple, which seeks to expand in Indonesia's burgeoning tech market.
Source: YAHOO