Apple has released a sleeker and more expensive version of its lowest priced iPhone in an attempt to widen the audience for a bundle of artificial intelligence technology that the company has been hoping will revive demand for its most profitable product lineup. The iPhone 16e unveiled Wednesday is the fourth-generation of a model that’s sold at a dramatically lower price than the iPhone’s standard and premium models. The previous bargain-bin models were called the iPhone SE, with the last version coming out in 2022. Like the higher-priced iPhone 16 lineup unveiled last September, the iPhone 16e includes the souped-up computer chip needed to process an array of AI features that automatically summarize text, audio and create on-the-fly emojis while smartening up the device’s virtual assistant, Siri. It will also have a more powerful battery and camera. All those upgrades will translate into a higher starting price for an iPhone 16e at $600, a 40% increase from $430 for the last iPhone SE. But iPhone 16e will be more affordable than the cheapest standard iPhone 16 at $800. The new phone will be available in stores Feb. 28, but can be pre-ordered beginning Friday. MORE: https://www.wthr.com/article/news/nation-world/apple-iphone-16e/507-dbc13920-89b3-4686-97e4-70854863caae