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

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The now almost four month-long ban on sales of the iPhone 16 in Indonesia may be lifted "very, very soon," according to a government minister.

The Indonesian government has said that it expects its iPhone 16 ban to be lifted “within one or two weeks,” but has not explained the basis for this. The country’s investment minister issued only a rather strangely-worded and somewhat contradictory comment which implied that a deal was close …

The iPhone 16 has been unavailable in Indonesia since October, when the government ruled that Apple hadn’t met its requirements that 40% of its components come from suppliers in the country. Since then, Apple has offered ever-increasing commitments to spend money on building new infrastructure, only to be rebuffed each time.

Indonesia’s requirements for locally sourced components are stringent, with firms reportedly needing to produce 35% to 40% of a device’s components within the country. While Indonesia has allowed exceptions in the past,

Middle powers with rapidly growing economies feel they have more bargaining power than they once did – and some are not afraid to use it.

Indonesia is close to a deal with Apple Inc for an investment plan that could lift a ban on iPhone 16 sales in the country, investment minister Rosan Roeslani told Bloomberg News on Tuesday. "Hopefully within one or two weeks this issue can be resolved",

Indonesia is reportedly close to finalizing a deal with Apple Inc. (NASDAQ:AAPL) that could pave the way for the sale of the iPhone 16 in the country. According to Bloomberg News, Indonesias investment minister,