Apple to launch new lower-price iPhone amid Chinese rivals

Apple will launch a discounted iPhone model that features its new Apple Intelligence software as the tech giant works to fight off stiff competition from Chinese rivals, the company said Wednesday. The new iPhone 16e will retail for $599 when it goes on sale later this month — $200 less than the much-touted iPhone 16 released last September. It will be available in white or black, and come with Apple's A18 chip — the processor in the iPhone 16 — so it can run all the same apps as the company's more expensive model. 3 The new iPhone 16e will…