Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, October 28
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»iPhone 16 now banned in Indonesia over Apple’s unfulfilled investment commitments
    Investing

    iPhone 16 now banned in Indonesia over Apple’s unfulfilled investment commitments

    October 28, 20242 Mins Read


    iPhone 16 review roundup | All the colors shown

    Earlier this week, the Indonesian government has banned the sale and use of iPhone 16 models in the country, alongside other Apple products released this fall, including the Apple Watch Series 10. The ban occurred because Apple failed to meet some of its investment commitments in the country (via The Economic Times).

    This ban covers both the sale and operation of iPhone 16 models and extends to units already sold, creating issues for tourists. Industry Minister Gumiwang Kartasasmita stated the following:

    If there is an iPhone 16 that can operate in Indonesia, that means that I can say, the device is illegal. Do report it to us. 

    The reason for this ban is because the country would like to force Apple to fulfill its investment promises in the nation. Apple apparently pledged $109 million USD ($1.71 trillion rupiah) for investments in Indonesia’s infrastructure and local sourcing, but has come up short on their promise, at roughly $95 million USD ($1.48 trillion rupiah).

    Apple’s $14 million ($230 billion rupiah) shortcoming has prevented Indonesia’s Ministry of Industry from issuing the proper IMEI (international mobile equipment identity) certifications, which is required for the devices to be sold in the country. Minister Kartasasmita also commented:

    We, the Ministry of Industry, are yet to be able to issue permits for the iPhone 16 because there are still commitments that Apple must realise.

    The investments in Indonesia were because the Indonesian government mandates that foreign companies meet a 40% local content requirement to operate within the country. Apple had promised to set up research and development facilities within the country, referred to as Apple academies.

    It’s currently unclear whether or not Apple has a plan to move ahead from this sales ban.


    Follow Michael: X/Twitter, Threads, Instagram

    FTC: We use income earning auto affiliate links. More.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCommodities sector heading for gains ahead of US elections
    Next Article China’s Property Market Catches Sunshine Amid Economic Recovery

    Related Posts

    Investing

    US Dollar Forecast: USD Falls, USD/CNH Nears 1-Year Lows on US-China Optimism

    October 28, 2025
    Investing

    Seasonally Strong Week Ahead as Markets Eye More Trade Deals and Fed Clues

    October 27, 2025
    Investing

    Intel: Two-Year High Tests Valuation Limits Despite Lifeline From Nvidia

    October 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Peso down but stock market breaches 6,300

    March 17, 2025
    Finance

    Condamné à 30 ans de prison pour avoir financé l’État islamique avec des cryptomonnaies

    May 13, 2025
    Stock Market

    Is the U.S. stock market open on Monday for Columbus Day?

    October 12, 2025
    What's Hot

    SGX sees record year for commodities, highest cash SDAV in four years in June market statistics

    July 8, 2025

    1 Top Artificial Intelligence (AI) Stock That Could Start Soaring After July 31

    July 27, 2024

    LBRUT opposes Teddington River Abstraction plans

    July 16, 2024
    Most Popular

    Des Bitcoin contre des vidéos pédoporno : un Charentais condamné

    February 18, 2025

    Custom Commodities Transport rebrands business units after acquisitions

    August 14, 2024

    Veteran Trader Peter Brandt Issues Bitcoin Warning, Says 75% Decline on the Table After Lengthy Consolidation

    October 13, 2024
    Editor's Picks

    Companies Are Struggling With Inflation-Driven Consumers

    May 31, 2025

    Nvidia Stock Price’s Wild Rollercoaster: Shares Plummet Then Roar Back After AMD’s Shock OpenAI Deal

    October 6, 2025

    Trump sets new tariffs on global trade partners, stock market drops

    August 1, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.