Apple launched on Wednesday a budget-minded phone with artificial intelligence, the iPhone 16e, designed to win back mid-market customers at home and in crucial growth markets China and India.

Apple has unveiled its latest smartphone, the 'more affordable' iPhone 16e. But what's the difference between the new model and its more premium predecessor? We've broken down some of the key differences and similarities here.

Apple announced its new iPhone 16e, featuring artificial intelligence and a lower starting price of $599. The new phone will be available for pre-order on Friday at 8 a.m. eastern time and in stores on Feb. 28.