The ban on the sales of Apple's (NASDAQ:AAPL) iPhone 16 models continues to be in place in Indonesia, after the government said the company's $1B plan, which includes establishing an AirTag factory, was insufficient to meet local investment requirements,

Indonesia banned iPhone 16 sales after Apple failed to meet requirements that smartphones sold domestically should comprise at least 35% locally-made parts.

Apple Inc (NASDAQ:AAPL) shares are trading lower Thursday following reports indicating the tech giant is offering discounts on several iPhone models in China.

Indonesia has previously said it requires Apple to commit to new investments every three years and its last commitment, worth $10 million, ended in 2023. It is required to make a

Indonesia's industry minister met representatives of Apple on Tuesday to discuss the company's potential investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 locally,

The tech giant has faced a ban on sales of the iPhone 16 in the country since October having failed to meet local investment requirements.

Apple is still barred from selling iPhone 16 models in Indonesia despite agreeing to build a local production facility there, as it has not

Indonesia on Wednesday upheld a ban on iPhone 16 sales despite Apple's $1 billion pledge to invest in the country after a negotiation deadlock, citing the company's failure to meet domestic market requirements.