Apple has officially launched the iPhone 16e, a new, lower-priced model that incorporates advanced AI features and a custom modem chip, aimed at making the device more appealing in a competitive market. Priced at $599, the iPhone 16e is intended to replace the now-discontinued iPhone SE line, with significant enhancements such as the latest A18 chip and improved battery life. However, some analysts suggest that the downgrades in certain aspects of the device might disappoint users who prioritize low-cost options. The release of the iPhone 16e also raises questions about the disappearance of more affordable models, as Apple seemingly shifts towards pricier entry-level smartphones. As the tech world reacts, discussions abound on whether the iPhone 16e is a strategic gamble by Apple in face of stiff competition from Samsung and Google.