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, which was Apple’s budget-friendly iPhone option. At $599, the starting price for the iPhone 16e is less than the $800 it costs for a standard iPhone 16, but more than the SE, which sold for $430.

The new phone is powered by Apple’s own cellular modem chip, called the C1, which processes the phone’s AI features. The tools can summarize text and audio, create new emojis and has made Apple’s virtual assistant, Siri, more capable. Apple also touted the new phone’s more powerful battery and camera, compared with the now discontinued SE. 

Pre-ordering begins Friday for the iPhone 16e, which will be available in stores Feb. 28.

“We’re so excited for iPhone 16e to complete the lineup as a powerful, more affordable option to bring the iPhone experience to even more people,” – Apple