On Wednesday, Apple introduced “a new member of the family.” Tim Cook last week had teased that the company would be launching something, and it turns out it’s a new iPhone. Or, it’s a new version of an old iPhone, but with a new name.

Apple’s iPhone 16e, the latest addition to its lower-cost line of smartphones, is priced higher than expected.

Commentary: Apple's often neglected entry-level iPhone gets a refresh just as new phone buyers could use one, despite a notable price increase from the iPhone SE.