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Apple announced the replacement of the entry-level iPhone SE with a pricier iPhone 16e featuring advanced features, sparking concerns about affordability for budget-conscious shoppers. The $899 iPhone 16e offers Face ID, Apple Intelligence, and a larger size, with a $320 price increase compared to the SE. Industry experts question Apple’s pricing strategy, as the new phone’s similarities to higher-end models may lead to sales cannibalization. The shift towards higher prices could boost the market for used iPhones as consumers seek more cost-effective options.
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