Apple has introduced the iPhone 16e, a lower-cost model equipped with artificial intelligence features, starting at $599 and set to be released on February 28. The device comes with Apple’s Intelligence tools, which helped drive record iPhone upgrades in the company’s first fiscal quarter, according to CEO Tim Cook. Powered by the same A18 chip found in the iPhone 16, the iPhone 16e will cater to budget-conscious consumers seeking AI-powered smartphones without breaking the bank. This announcement marks a strategic move for Apple as it partners with Alibaba to bring Apple Intelligence to iPhones in China, amidst reports suggesting the company may ship 15 million units of the lower-cost iPhone during its 2025 fiscal year.
Source: https://www.investopedia.com/apple-launches-cheaper-iphone-16e-with-ai-capabilities-11682464