Indonesian government approves $1 billion investment from Apple, lifts iPhone 16 sales ban

According to reports, the Indonesian government has approved Apple's $1 billion investment and lifted the sales ban on the iPhone 16. It is reported that Indonesian President Prabowo was briefed on the tug-of-war between the government and Apple at a meeting over the weekend and approved the government's decision. Apple suppliers plan to open an AirTag factory in Batam, which is expected to employ about 1,000 workers in the initial stage. The factory is expected to account for 20% of AirTag's global production.