💨 Abstract

Apple and Indonesia have reached an agreement, ending a ban on iPhone 16 sales due to local component requirements. The deal includes an Apple manufacturing plant and a research and development center, with the company investing over $300 million. The agreements do not specify a timeline for when Apple can sell the iPhone 16 in Indonesia. Analysts have raised concerns about the local content rules potentially hurting investor confidence and triggering protectionism concerns.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖