Apple is closing in on an investment plan deal with Indonesian authorities that would allow it to resume iPhone 16 sales in the country, Bloomberg reported on Wednesday.

Indonesia banned sales of the device in October, claiming Apple had failed to comply with local manufacturing requirements of 35% domestic content for smartphones and tablets. Apple has offered a $1 billion investment in the country that includes building an AirTag factory. The offer is a significant increase from its previous offers of $10 million and $100 million, which were rejected by the government.

“I strongly believe it will resolve very, very soon,” the country's investment minister Rosan Roeslani said in an interview with Bloomberg Television in Davos on Tuesday. "Hopefully within one or two weeks this issue can be resolved."

"The way they calculate it is different I think," he said, referring to the local content requirement. "Now they find a solution on that one, so hopefully they accept the discrepancies so we can have the iPhone 16 sold in Indonesia."

Indonesia represents a significant market for Apple, with the country's population of 280 million operating some 354 million active mobile phones. The company has maintained developer academies there since 2018, but the country currently hosts no Apple manufacturing facilities.

Source: Macrumors