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Market Chatter: Apple Executive Leaves Indonesia Without Securing Deal to Lift iPhone 16 Sales Ban
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Market Chatter: Apple Executive Leaves Indonesia Without Securing Deal to Lift iPhone 16 Sales Ban
Jan 9, 2025 4:38 AM

07:15 AM EST, 01/09/2025 (MT Newswires) -- Apple's ( AAPL ) Vice President of Global Affairs Nick Amman has left Indonesia without securing a resolution to the country's iPhone 16 sales ban, Bloomberg reported Thursday, citing unnamed sources familiar with the matter.

Despite Indonesian President Prabowo Subianto's earlier approval of Apple's ( AAPL ) $1 billion investment proposal, Minister for Industry Agus Gumiwang Kartasasmita reportedly maintained the ban during discussions this week. Kartasasmita reportedly insisted that Apple ( AAPL ) comply with local manufacturing requirements for smartphones and tablets.

Apple's ( AAPL ) investment plan included establishing AirTag production facilities on Batam Island and funding technology academies to advance local coding and technical skills.

According to the report, while Amman returned to the US, Apple's ( AAPL ) negotiation team remained in Jakarta, continuing efforts to address the stalemate.

Apple ( AAPL ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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