Apple Unveils Budget-Friendly iPhone 16e with AI

• Apple launched the iPhone 16e, a budget-friendly model with AI features, aiming to attract mid-market customers in China and India.
• Priced at $599, the 16e includes the A18 chip, Apple Intelligence, and a 48MP camera, but lacks a wide-angle lens and some advanced features.
• Despite the launch, Apple stock remained stable, with analysts predicting the 16e could boost revenue in cost-sensitive markets.

Source: Channel Newsasia, Asianet Newsable