Apple (NASDAQ: AAPL) ahead of Thursday after reports indicate that the company is close to resolving its dispute with Indonesia, which prevented the sale of iPhone 16 in relation to local investment regulations. Investments Minister Rosan Roeslani told Bloomberg in Davos that he expects a resolution within one to two weeks.
The government had previously rejected Apple's $1 billion investment plan, which included an AirTag factory, saying it did not meet local content requirements for smartphone production. Indonesia first imposed the ban in October 2024, citing Apple's failure to meet investment standards. The company initially offered $100 million over two years, and later increased the bid to $1 billion.
Reports last month suggested that President Prabowo Subianto accepted the latest proposal, paving the way for an agreement. Roeslani said the government and Apple are now working through differences over how local content is measured and was confident that an agreement would soon allow iPhone 16 sales to resume in the market. Southeast Asia.
This article first appeared on GuruFocus.
