Apple Launches Cheaper iPhone 16e With AI Capabilities

Core Insights - Apple has launched the iPhone 16e, a lower-cost version of the iPhone 16, starting at $599 and available from February 28 [1][4] - The iPhone 16e features Apple Intelligence tools and is powered by the same A18 chip as the iPhone 16 [2][4] - Analysts predict Apple could ship 15 million units of the iPhone 16e in the 2025 fiscal year, although initial forecasts suggested a price of $499 for a potential update to the iPhone SE line [2] Product Details - The iPhone 16e is priced at $599, which is $200 less than the iPhone 16's price of $799 [1][4] - The introduction of Apple Intelligence features is linked to record iPhone upgrades in the previous fiscal quarter [2][4] Market Context - Reports indicate a partnership between Alibaba and Apple to integrate Apple Intelligence into iPhones in China, with AI features submitted for regulatory approval [3] - Apple's stock has seen a 33% increase in value over the past 12 months, with little change observed in intraday trading following the announcement [3]