Indonesia has blocked Apple Inc. from selling its newly launched iPhone 16 in the country, citing the company’s failure to meet domestic investment regulations. Southeast Asia’s largest economy halted the sale of the flagship device on October 25, according to the Ministry of Industry, due to non-compliance with the country’s local content requirement. iPhone 16 blocked due to unmet investment commitmentsIndonesia’s regulations mandate that 40% of smartphone content must be produced locally to secure market access — a requirement Apple has yet to fulfill through its Indonesian arm, PT Apple In…