$599 is outside the realm of what's considered a budget phone.
Expecting it to launch at the same $429 price point the SE3 did was fanciful; but people would've accepted $499.
$599 cuts too close to the 15 and 16. And SE series phones are traditionally long life cycle. They'll still be selling this in 2027; so while the specs are competitive today; they won't be in 1-2 years time.
That said the 16 in it's name is odd. The SE series obfusciates what generation it is by keeping a generic name; whereas once the iphone 18 comes out next year; it's very obvious that the 16E is using 3 year old tech.
I'd hazard a guess and say apple is competing with samsung's "fan edition" line; which is a budget version of their standard model galaxy at a slightly lower price, released 6 months after the main line. But updated each year. So there's a S22 FE, S23 FE, S24 FE etc.
Expecting it to launch at the same $429 price point the SE3 did was fanciful; but people would've accepted $499.
$599 cuts too close to the 15 and 16. And SE series phones are traditionally long life cycle. They'll still be selling this in 2027; so while the specs are competitive today; they won't be in 1-2 years time.
That said the 16 in it's name is odd. The SE series obfusciates what generation it is by keeping a generic name; whereas once the iphone 18 comes out next year; it's very obvious that the 16E is using 3 year old tech.
I'd hazard a guess and say apple is competing with samsung's "fan edition" line; which is a budget version of their standard model galaxy at a slightly lower price, released 6 months after the main line. But updated each year. So there's a S22 FE, S23 FE, S24 FE etc.