Apple (NASDAQ:AAPL) just dropped a surprisea budget-friendly iPhone with AI capabilities. The new iPhone 16e, priced at $599, will hit shelves at the end of February, giving consumers a cheaper alternative while still offering the latest Apple technology.
Analysts had expected an updated iPhone SE, but Apple went in a different direction. The iPhone 16e ditches the home button and fingerprint sensor, replacing them with FaceID. It's powered by Apple's A18 chip, the same one found in its higher-end iPhone 16 models, meaning it can handle the same apps, games, and AI-driven features as its more expensive counterparts.
One of the biggest changes? Apple is now using its own cellular modem, the "C1", instead of relying on Qualcomm (NASDAQ:QCOM). The device also has a single camera lens, unlike the multi-lens setups on pricier iPhones, and comes in just two colorsblack and white.
Apple hopes the iPhone 16e will help boost iPhone sales, which dropped 1% year-over-year in Q4 2024. Despite the dip, Apple still pulled in a massive $69 billion from iPhone sales during the period.
For comparison, the regular iPhone 16 starts at $799, while the iPhone 16 Pro begins at $999. Apple's AI-powered Apple Intelligence features are only available on the iPhone 15 and 16 series. AAPL stock has climbed 35% over the past year.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。