Apple's new $599 iPhone with AI is the Hail Mary it needs

1. Apple launched the iPhone 16e, priced at $599, amid declining sales. 2. The new model offers Apple Intelligence to more consumers, increasing accessibility. 3. Analysts suggest the launch aims to counter competitive pressure from Android. 4. Preorders begin soon, indicating a strong market approach for fiscal growth. 5. iPhone 16e may attract users without cannibalizing sales of high-end models.