Apple is warning investors that its new and future products might never be as profitable as the iPhone. The disclosure comes as the company is pursuing newer technologies like artificial intelligence and mixed reality headsets.

Apple Inc. has proposed investing almost $10 million to make additional goods in Indonesia, according to people familiar with the matter, as it seeks to have the country’s ban on sales of its latest iPhone removed.

Apple has proposed investing almost US$10 million to make additional goods in Indonesia as it seeks to have the country’s ban on sales of its latest iPhone removed, reports the South China Morning Post.

Following Indonesia's ban of the iPhone 16 because Apple has not invested enough in the country, the company has reportedly offered $10 million.

Indonesia’s iPhone ban is an example of the pressure Prabowo Subianto’s government is putting on multinationals to boost local manufacturing.

Indonesia announced it has prohibited the sale of smartphones produced by Alphabet's Google, citing regulations mandating the use of locally manufactured components. This move comes just days after it imposed a similar ban on sales of Apple's iPhone 16.