Apple's new iPhone 16e is the heir apparent to the iPhone SE, with the new model delivering Face ID and Apple Intelligence at a lower price point.
Apple's update to the iPhone SE adds a new design and Apple Intelligence, as well as a new name: iPhone 16e.
One other external difference from the iPhone 14 is the rear camera, as Apple doesn't use a dual-camera system on the iPhone 16e at all.
Apple didn't simply change the expected iPhone SE 4 name to iPhone 16e — they're distinct product lines and all the data points to a strategy shift.
By using a thoroughly modern chip, Apple has made the iPhone 16e powerful enough to use the new generative AI toolsets.