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Benzinga
Benzinga
Politics
Anusuya Lahiri

Apple Might Have To Commit $1 Billion To Indonesia To Reverse iPhone 16 Ban

Apple Inc (NASDAQ:AAPL) could commit to a $1 billion investment in Indonesia in a week, Reuters cites the country’s investment minister Rosan Roeslani on Tuesday.

Indonesia had banned the sale of iPhone 16 due to a violation of the country’s content rules that mandated a minimum of 40% locally sourced components for companies aiming to sell smartphones in the country.

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