Apple launches its long-awaited budget phone with the iPhone 16e. Here are the key features and how to order.

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Apple quietly launched a new budget-friendly iPhone on February 19 called the iPhone 16e. It's a significantly updated option for cost-conscious iPhone users over the iPhone SE released in 2022.

The iPhone 16e will be available to preorder on February 21 before its full retail release on February 28. The 2022 iPhone SE and iPhone 14 are no longer available from Apple.

The $599 iPhone 16e is a more economical version of the $799 iPhone 16 (our best iPhone for most people). It features Apple Intelligence and an Action button for customizable shortcuts.

iPhone 16e: Price

The iPhone 16e starts at $599 with the 128GB storage option. The price rises to $699 for the 256GB version and $899 for the 512GB option.

iPhone 16e: Release date

The iPhone 16e is set for release on February 28 and will be available to preorder on February 21 from Apple.

This story is developing.