Apple Debuts $599 iPhone 16e With AI, In-House Cellular Chip

  • The model succeeds iPhone SE, includes Face ID and AI features
  • New homegrown C1 modem chip will replace Qualcomm component
WATCH: Apple unveils the iPhone 16e.Source: Bloomberg
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Apple Inc. introduced a new low-end smartphone called the iPhone 16e priced at $599, aiming to revive growth after a sluggish holiday season.

The rebranded device goes on sale Feb. 28Bloomberg Terminal and will cost $170 more than the $429 iPhone SE that it replaces. Preorders for the phone begin Feb. 21.