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.

Apple (APPLE) iPhone 16e is outperforming the initial sales of the third-generation iPhone SE launched a few years ago. Read more details here.

The iPhone 16e, however, does not. With a modernized design and (nearly) the same processor available across the entire iPhone 16 series, it's clear Apple wants you to think of this as every bit as impressive as the rest of its current-day lineup.

While the iPhone 16e's modern design, AI features, and updated hardware could attract budget-conscious iPhone buyers, Apple's long-term success in China and India will depend on competitive pricing and continued innovation.

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.