Apple has released a sleeker and more expensive version of its lowest priced iPhone in an attempt to widen the audience for a bundle of artificial intelligence technology that the company has been hoping will revive demand for its most profitable product lineup.

Apple on Wednesday debuted its iPhone 16e, a lower-cost addition to the tech giant's iPhone 16 lineup that features Apple Intelligence tools. The iPhone 16e replaces the iPhone SE, last released in 2022,

Commentary: Apple's often neglected entry-level iPhone gets a refresh just as new phone buyers could use one, despite a notable price increase from the iPhone SE.