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Indonesia Expects $1 Billion Investment Commitment From Apple in a Week

Indonesia Expects $1 Billion Investment Commitment From Apple in a Week

Apple has no manufacturing facilities in Indonesia, a country of about 280 million people, but has since 2018 set up application developer academies

By Reuters | Updated: 3 December 2024 19:06 IST

Indonesia Expects $1 Billion Investment Commitment From Apple in a Week

Sales of the iPhone 16 series are currently banned in Indonesia

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Highlights

iPhone 16 sales are currently banned in Indonesia
Indonesia says Apple failed to meet investment requirements
The country plans to increase the requirement for locally sourced parts

Indonesia is expecting to get a $1 billion (roughly Rs. 8,470 crore) investment commitment from tech firm Apple Inc in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet local content rules.

Indonesia stopped sales of the smartphone because it requires those sold domestically to comprise at least 40% locally-made parts, which it said Apple had not adhered to. Indonesia plans to increase this requirement, a deputy minister said on Tuesday.

Investment Minister Rosan Roeslani told lawmakers in a hearing that Indonesia expects more investment if Apple decides to make the country part of its supply chain.

Foxconn Says Global Manufacturing Footprint to Shield it From US Tariffs

Apple did not immediately respond to a request for comment.

"Whoever benefits from the sales must invest here, create jobs here. What's important is how the global value chain moves here, because once it does, suppliers follow," Rosan said, adding the investment commitment is part of a first phase.

Apple had previously made a $100 million (roughly Rs. 850 crore) investment proposal to build an accessory and component plant in Indonesia to reverse the ban, but the government rejected that on the grounds it did not meet the principal of fairness.

iPhone Production in India Reaches $10 Billion Milestone

Apple has no manufacturing facilities in Indonesia, a country of about 280 million people, but has since 2018 set up application developer academies. Indonesia considers that strategy an attempt to meet local content requirement for the sale of older iPhone models.

Companies typically increase the local composition through local partnerships or by sourcing parts domestically.

© Thomson Reuters 2024

iPhone 16

KEY SPECS
NEWS

Display 6.10-inch

Processor Apple A18

Front Camera 12-megapixel

Rear Camera 48-megapixel + 12-megapixel

RAM 8GB

Storage 128GB, 256GB, 512GB

OS iOS 18

Resolution 1179x2556 pixels

More Apple mobiles Apple mobiles price in India

iPhone 16 Plus

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Stunning display
Solid build quality and lovely colour options
Battery life is bonkers on this one
Excellent for gaming and performance (in general)
Improved cameras

Bad
Still offers a 60Hz refresh rate and misses out on AOD (always-on display)
No fast charging
Comes with USB 2
No Apple Intelligence features out of the box

Read detailed Apple iPhone 16 Plus review

Display 6.70-inch

Processor Apple A18

Front Camera 12-megapixel

Rear Camera 48-megapixel + 12-megapixel

RAM 8GB

Storage 128GB, 256GB, 512GB

OS iOS 18

Resolution 1290x2796 pixels

More Apple mobiles Apple mobiles price in India

iPhone 16 Pro

KEY SPECS
NEWS

Display 6.30-inch

Processor Apple A18 Pro

Front Camera 12-megapixel

Rear Camera 48-megapixel + 12-megapixel + 48-megapixel

RAM 8GB

Storage 128GB, 256GB, 512GB, 1TB

OS iOS 18

Resolution 1206x2622 pixels

More Apple mobiles Apple mobiles price in India

iPhone 16 Pro Max

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Massive screen size
Brilliant display
Performance beast
Camera Control is a boon
Fantastic battery life

Bad
Big phone for one-hand use
Expensive
No Apple Intelligence at launch
Slow-wired charging support

Read detailed Apple iPhone 16 Pro Max review

Display 6.90-inch

Processor Apple A18 Pro

Front Camera 12-megapixel

Rear Camera 48-megapixel + 12-megapixel + 48-megapixel

RAM 8GB

Storage 256GB, 512GB, 1TB

OS iOS 18

Resolution 1320x2868 pixels

More Apple mobiles Apple mobiles price in India

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