Apple iPhone 16 ban sends the wrong message from Indonesia

Even the world’s fourth most populous country, which has more active cellphones than people, appears to be no match for Apple Inc.

Indonesia’s ban on sales of iPhone 16s after the company failed to meet Local investment requirements have not deterred investors. Shares of the world’s most valuable company were largely unchanged by the news, which makes sense given the company’s smaller footprint in the emerging market. And the cards were already unevenly distributed: Indonesia’s entire GDP is just over a third of Apple’s market capitalization.