Apple launches cheaper iPhone 16

(CNN)– Apple is launching a cheaper version of the iPhone 16.

It is called the iPhone 16E, and it will sell for $599.

It will be the cheapest iPhone Apple sells that supports its AI tool, Apple Intelligence.

It is also the first iPhone with a cellular modem designed by Apple.

Apple has been facing increased competition from Google and Samsung in the budget smartphone and the AI markets.

Over the past year, both companies have focused on updating android devices with new AI features.