There was a lot of speculation about the next version of the iPhone SE — which has traditionally been Apple’s cheapest iPhone. The 2022 third generation iPhone SE cost $399 and many of us in the media were wondering if Apple would keep the next version at that price level — spoiler alert — they did not.

Apple's iPhone 16e makes some trades to hit a lower price, but it makes a case for itself as the cheapest phone that will last the longest.

Apple Inc.’s iPhone 16e is outpacing initial sales of the third-generation iPhone SE released a few years ago, but won’t be enough to reverse a China slide, according to analyst firm IDC.