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Market Chatter: Apple Nears Deal With Indonesia to Lift iPhone 16 Sales Ban
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Market Chatter: Apple Nears Deal With Indonesia to Lift iPhone 16 Sales Ban
Jan 22, 2025 3:00 AM

05:34 AM EST, 01/22/2025 (MT Newswires) -- Apple ( AAPL ) is nearing an agreement with Indonesia to lift the ban on iPhone 16 sales, Bloomberg reported, citing Indonesia Investment Minister Rosan Roeslani.

The ban, imposed in October, was due to Apple's ( AAPL ) failure to meet the country's domestic production standards for smartphones and tablets.

"Hopefully within one or two weeks this issue can be resolved," Roeslani told Bloomberg in an interview Tuesday.

Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

(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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