Apple has officially released a new lower-cost phone, but it's not simply a replacement of its affordable iPhone SE line. The iPhone 16E , as it's called, is the cheapest iPhone Apple currently sells. It trims some of the features off the iPhone 16 for a cheaper premium device, but is notably pricier than the budget iPhone SE series. So, who is the iPhone 16E for? The $600 starting price of the iPhone 16E puts it out of reach for many budget iPhone fans (by comparison, the 2022 iPhone SE was priced at around $430). Instead, Apple has added an option below its premium lineup, much like Android phone makers have done with the $650 Samsung Galaxy S24 FE and the $500 Google Pixel 8A . Perhaps most importantly, the iPhone 16E is now the cheapest device with Apple Intelligence -- and connects to Apple's Emergency SOS satellite texting service Even priced out of the budget market, there are a handful of ideal c...