Commentary: Apple Intelligence is no longer limited to the most expensive iPhones. Now's the time for it to show its worth.

Apple has announced a new iPhone which brings artificial intelligence (AI) features at a lower cost than its flagship handsets. The iPhone 16e has the same processor as the more expensive iPhone 16, Apple said, with similar storage options, though a lower spec elsewhere, including fewer cameras.

As anticipated, Apple revealed the long-awaited iPhone SE refresh Tuesday. The fourth-generation device arrives three years after the last major update to