Apple has not been allowed to sell its iPhone 16 in one of the most important Asian markets. Now there is hope for a quick solution.

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

Apple Inc. ( AAPL, Financials) is allegedly close to settling a spat with Indonesia that stopped importing its iPhone 16 series, therefore stopping sales of the product. Bloomberg reports that Indonesian authorities expect a settlement within weeks that would allay worries about the company's adherence to local investment rules.

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.

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

Hardball tactics resulted in Apple pledging to invest $US1 billion in Indonesia, after the sales of iPhone 16 smartphones were banned for not having enough locally manufactured components.

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,