Apple launched on Wednesday a budget-minded phone with artificial intelligence, the iPhone 16e, designed to win back mid-market customers at home and in crucial growth markets China and India.

Apple on Wednesday announced a cheaper new version of the iPhone 16 called the iPhone 16e, signaling a renewed push into the budget smartphone market for the tech giant. It’s also the first iPhone with a cellular modem designed by Apple,

Apple on Wednesday unveiled the "newest member" of the iPhone family, the 16e, which will cost less than other models but include the new features.