Apple Ditches Budget Smartphone Segment With iPhone 16E Launch

Bibhu Pattnaik

February 23, 2025

In a strategic shift, Apple Inc. (NASDAQ:AAPL) has unveiled its latest product, the iPhone 16e, marking its exit from the budget smartphone market.

Bloomberg columnist Mark Gurman in his latest weekly "Power On" has shared that Apple’s new iPhone 16e, priced at $599, is $170 more expensive than its predecessor, the iPhone SE.

This price hike places the iPhone 16e in a different segment, leaving the budget smartphone market to rivals such as Samsung Electronics Co., Alphabet Inc.‘s Google, and Chinese manufacturers.

Despite lacking some features of the regular iPhone 16, the iPhone 16e offers most of the flagship lineup’s features for $200 less.

Also Read: Apple and Meta in Race To Develop AI-Powered Humanoid Robots

The decision to increase the price of its low-end iPhone comes as Apple’s China revenue declined by 11% and total iPhone sales fell about 1% during the holiday quarter.

This suggests that Apple is prioritizing profit margins over higher unit sales.

Apple’s new pricing strategy could potentially impede its customer base expansion in emerging markets like India. However, the company may continue to sell older models in certain markets through carriers without advertising them on its website, a tactic Apple has used in the past.

Along with the iPhone 16e, Apple is also gearing up to launch the M4 MacBook Air and has confirmed that Apple Intelligence is coming to the Vision Pro.

Unlocking a Polymetallic Discovery Like No Other - Ad

Nvidia Is About to Shock the World: March 17th - Ad

Big Study Shows Stocks Extremely Likely to Crash in 2026? - Ad

WASHINGTON (AP) — The Trump administration is falsely claiming that tens of millions of dead people over 100 years old are receiving Social Security payments.

Apple Stock Has Run Up Over 10% In A Month, Jim Cramer Says iPhone Maker Is 'Ramping' And The Credit Goes To Chinese Subsidies

Apple Inc. shares have gained over 10% in the past month, with CNBC's Jim Cramer attributing recent momentum to Chinese government subsidies covering Apple products.

Elon's Favorite Energy Source Is Incredibly Undervalued-It Trades for Just 40 Cents

Elon's Favorite Energy Source Is Incredibly Undervalued-It Trades for Just 40 Cents - Ad

Elon Musk has a bold vision: a future where his favorite energy source powers the world. And he's not alone. Amazon, Google, Meta, and Microsoft are driving 40% of U.S. demand, signaling that it's the future. And the reason why? AI is set to increase global energy consumption by up to 10x, and this energy source is the only one that can meet the demand. Right now is a unique chance to witness this explosive growth for less than 40 cents.

Lam Research Unveils AI Chipmaking Tools, Projects Big Returns

New Lam Research tools Akara and ALTUS Halo for building AI chips offer advanced plasma etch and ALD capabilities for complex 3D structures.

Two Dead After Planes Collide Near Arizona's Marana Regional Airport

Two small planes collided midair near Marana Regional Airport in Arizona on Wednesday, killing two people, the National Transportation Safety Board said.

Doge's New Target?

Doge's New Target? - Ad

One of Elon Musk's allies has outlined a new Federal strategy, saying this tech should be at the top of the agenda for all government business. He's deployed a small army of his own 'agents' across the government to turn his vision into reality. In the process, he could send a short list of US tech stocks soaring.

IOC finds Olympic sponsor in China through 2032 to replace Panasonic of Japan

BEIJING (AP) — The International Olympic Committee has found a sponsor in China to replace long-term commercial partner Panasonic from Japan.

Differences bubble up between PepsiCo and Coca-Cola on diversity programs

confirmed Friday that it's ending some of its initiatives, even as rival voiced support for its own inclusion efforts.

Republicans Fooled by Elon's Shocking Surprise

Republicans Fooled by Elon's Shocking Surprise - Ad

Republicans...Democrats......Probably even YOU...Have gotten it all wrong. Elon Musk and Donald Trump fooled everyone. They said it was to "save free speech"...Or "fix what the liberals broke"...But it turns out that was all just a smokescreen to hide the TRUTH.

What to know about Fort Knox's gold depository

LOUISVILLE, Ky. (AP) — President Donald Trump says Elon Musk will be looking at , the legendary depository in Kentucky for American gold reserves, to make sure the gold is still there.

Elon Musk's X Blocks Links To Signal App As Federal Workers Turn To Encrypted Messaging Amid DOGE Fallout: Report

X, formerly Twitter, is blocking links to Signal.me, a URL shortener for the encrypted messaging app Signal, as federal workers increasingly turn to the platform amid mass layoffs tied to a cost-cutting initiative backed by Elon Musk.

Critical Metals: The Linchpin of the Energy Transition

Critical Metals: The Linchpin of the Energy Transition - Ad

As EVs and AI take center stage, critical metals like copper, nickel, and PGMs are becoming the linchpin of clean energy and technological advances. One Canadian company's high-grade polymetallic discovery in Quebec is drawing comparisons to Russia's Norilsk Mine--one of the richest deposits globally. Backed by industry titans, this story is just beginning.

Treasury watchdog begins audit of Musk DOGE team's access to federal government's payment system

WASHINGTON (AP) — The Treasury Department's Office of Inspector General on Friday said it was launching an audit of the security controls for the federal government's payment system, after Democratic senators raised red flags about to Trump aide Elon Musk's Department of Government Efficiency team.

Why Is Cancer-Focused Exelixis Stock Trading Higher On Friday?

Exelixis reaffirmed its 2025 sales guidance of $2.15-$2.25 billion and reported sustained long-term efficacy for Cabometyx in advanced renal cell carcinoma.

Watch This Robotics Demo Before March 17

Watch This Robotics Demo Before March 17 - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%... Just did a demo of what Nvidia's CEO said will be "the first multitrillion-dollar robotics industry." Watch the demo now and learn how to potentially profit...

Humane's AI Pin, Dubbed As Potential 'iPhone Killer' Dies This Month As Company Sells To HP For $116 Million Amid Poor Sales And Scathing Reviews

Humane Inc. is shutting down its AI Pin on February 28 and selling its assets, including its CosmOS software and over 300 patents, to HP Inc. for $116 million, following poor sales, negative reviews, and a failed product launch.

Elon Musk Wonders If US Gold Reserves Are Regularly Auditedâ€”Cynthia Lummis Tells DOGE Lead It's Time To Add Bitcoin For Transparency

Senator Cynthia Lummis (R-WY) suggested adding Bitcoin (CRYPTO: BTC) to the U.S. reserves on Sunday, highlighting the transparency and accessibility of the blockchain network

Powerful AI Trading Software Leaked to Public

Powerful AI Trading Software Leaked to Public - Ad

A shocking video leak has revealed a groundbreaking new AI trading system...It's reportedly helping some traders pocket over $1,100 a day -- using it for just 60 seconds! Here's the kicker: This system was developed to analyze market data and pinpoint high-probability trades nearly on autopilot.

Trump orders US to ditch the penny. What's its connection to NASCAR's most impactful Daytona 500?

DAYTONA BEACH, Fla (AP) — Cease production of the penny, let collector’s gobble up what's left of the 1 cent coin, and there will still be one eternally glued to Dale Earnhardt’s old Chevrolet, the luckiest piece of loose change in NASCAR history.

Vance? Rubio? Noem? Here's Who Might Top the GOP Ticket in 2028

President Trump's refusal to offer an early 2028 presidential endorsement for Vice President Vance has heightened speculation about who might lead the next GOP ticket.

Modernize Your Investment Strategy

Modernize Your Investment Strategy - Ad

The 60/40 portfolio needs an upgrade. Private credit offers potential double-digit yield potential and crucial diversification benefits. Through Percent, accredited investors can access institutional-quality deals starting at $500. Join thousands of investors evolving their portfolios.

Market Instability Looms in Trump's Second Term, Warns Paul Tudor Jones: 'There's No Room for Mistakes'

Hedge fund manager Paul Tudor Jones voiced his apprehensions about the stability of financial markets during President Trump's second term.

Wisconsin Republicans propose $10K income tax break for hurricane and wildfire relocations

MADISON, Wis. (AP) — People who lost their homes to or could get a sizeable tax break to move to Wisconsin.

The DOGE Shock: Nine Stocks to Buy

The DOGE Shock: Nine Stocks to Buy - Ad

They say that DOGE's real agenda could shock the entire stock market in the coming days - sending a handful of widely unknown stocks soaring. And they've compiled the definitive investment playbook for anyone who wants the opportunity to capitalize.

Huawei's tri-foldable phone hits global markets in a show of defiance amid US curbs

KUALA LUMPUR, Malaysia (AP) — Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing, longevity, supply and app constraints may limit its success.

Waterdrop Supercharges Insurance With AI, Elevating Service And Compliance

Waterdrop incorporates DeepSeek AI into its ecosystem for business growth. AI models provide solutions in sales, quality assurance, risk management, and product innovation, improving efficiency. The Large-scale AI Model Insurance Quality Inspection Solution reduces costs by 50% and empowers users with access to affordable healthcare.

Smart Money's Secret Weapon: Private Credit

Smart Money's Secret Weapon: Private Credit - Ad

A $2 trillion market offering double-digit yield potential and low correlation to stocks - that's why institutional investors choose private credit. Through Percent, accredited investors can access these opportunities starting at $500. Join thousands of investors enhancing their portfolios.

Bank of America Foresees Possible 40% S&P 500 Plunge Due To Growth-Stock Bubble

Bank of America strategists are warning of a potential 40% crash in the S&P 500, attributing it to a growth-stock bubble.

Pony AI's Robotaxis Hit Guangzhou's High-Demand Routes: Details

PONY shares up premarket on launch of paid robotaxi services in Guangzhou, marking another key step in autonomous mobility commercialization.

Elon Musk's Critical Metals Warning: What Investors Need to Know

Elon Musk's Critical Metals Warning: What Investors Need to Know - Ad

Elon Musk has repeatedly warned about the looming critical metals crisis, calling materials like nickel, copper, and PGMs essential to Tesla's future. One Canadian discovery in Quebec is drawing comparisons to Russia's Norilsk Mine and has the potential to reshape global supply chains. With heavyweight backers and a fully funded exploration plan, this opportunity demands attention.

Palantir, Intel, Arista, Occidental, And Tesla: Why Are These 5 Stocks On Investors' Radars Today

Major U.S. indices closed higher on Tuesday, with the Nasdaq gaining 0.07% to 20,041.26.

January home sales fall as high mortgage rates, prices freeze out would-be buyers

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market.

The Mag 7 Are Betting Big on the Future of Energy

The Mag 7 Are Betting Big on the Future of Energy - Ad

Amazon, Microsoft, Meta, Tesla... these tech titans are all in on a groundbreaking, limitless energy source that will power their trillion-dollar AI empires. But here's the kicker-you can get in for just 40 cents as this energy source takes off. The future of energy is here, and it's set to change everything.

Brazil to join OPEC+, group of major oil-exporting nations

BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's evolution into a major oil state just nine months ahead of hosting the United Nations' annual climate summit.

Ross Gerber Says He's 'Eventually' Selling His Cybertruck Because The 'Hate Is Real' As Protests Rock Tesla Showrooms

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, announced Sunday he intends to "eventually" sell his Cybertruck, citing intense public hostility toward the Tesla Inc. brand.

Elon Musk Admits: All the Energy in the World Will Soon Come From This.

Elon Musk Admits: All the Energy in the World Will Soon Come From This. - Ad

Imagine an energy source so powerful, experts predict it will soon eclipse everything, including oil and gas. Right now, there's a 40-cent opportunity perfectly positioned as this trend unfolds. This is your chance to get ahead of the herd.

EPA chief says he will seek return of $20 billion in clean-energy grants awarded by Biden

WASHINGTON (AP) — In a major reversal, the new head of the Environmental Protection Agency said he will try to rescind $20 billion in grants awarded by the Biden administration for climate and clean-energy projects.

XRP Rallies 5% On ETF News: What Is Going On?

XRP (CRYPTO: XRP) is rallying on the heels of major ETF developments and a social media post from Donald Trump, which sparked

Tiny "$3 AI Wonder Stock" Could Make You Richer

Tiny "$3 AI Wonder Stock" Could Make You Richer - Ad

Right now, we're witnessing a monumental shift in the world. Artificial Intelligence is changing everything. Our No. 1 AI Pick is currently trading for pennies on the dollar compared to Nividia. You'll need to know its name and ticker symbol. Which we're prepared to give you now when you watch this video bulletin.

Billionaire Ray Dalio's Bridgewater Trims Holdings In 6 Of 'Magnificent 7' Stocks Amid Valuation Concerns, Adds This Automotive Stock After 3 Years

Ray Dalio's Bridgewater Associates trimmed its positions in six of the 'Magnificent 7' stocks during Q4, with a fresh position in Tesla Inc.

Trending Now

Super Micro Computer, Intel, Alibaba And CVS Are Among Top 13 Large-Cap Gainers Last Week (Feb 10-Feb 14): Are The Others In Your Portfolio?

Hate Elon? Read Immediately - Ad

What is Humphrey's Executor? A look at the 90-year-old Supreme Court decision Trump is targeting

DeepSeek Founder Liang Wenfeng Once Said Experience Is Not That Important In The Long Run â€” The Must-Have Skills At Chinese Wall Street Disruptor Revealed