I've not read the other 16e threads in details so I'll post in this thread some thoughts.
Price wise the 16e appears to be a straight replacement for the 14 which has been nixed for having a Lightning port - Apple had stopped selling the 14 in their stores potentially due to their interpretation of the EU regulation banning the sale of new devices without USB-C charging option.
In the UK a 128Gb 16e costs £599
A 128Gb iPhone 15 (which has USB-C but can't manage Apple Intelligence) costs £699.
A 'proper' 128Gb iPhone 16 costs £799
Some interesting notes
iPhone SE 128Gb can be had for £479 at third party retailer Argos. This would have stayed the same price from launch.
Argos have just cleared out their stocks of 128Gb iPhone 12 for £299. It was previously £399.
The 128Gb iPhone 13 is £449, and you can get the 14 for £499. The iPhone 14 Plus is also being cleared out from £499 if you can find one.
Maybe Apple will be replying on third party retailers satisfying demand for cheaper iPhones by selling discontinued ones like the 13 and 14.
Now my notes about the 16e
This device replaces the 14, it's got a numbered name rather than just being labelled an SE which could go on for a couple of years.
I think rather than moaning about the price of £599 now, I'd be interested in seeing what happens in September when the iPhone 17 comes out.
In a normal circumstance the iPhone 17 would launch at the previous £799 price point. iPhone 16 would drop to £699. Below that an iPhone 15 would have dropped for £599 and the 14 (which has been replaced by the 16e) would be discontinued while the SE below that would carry on at the same price.
Clearly the 16e isn't going to get discontinued after just 6 months.
Would Apple want to continue selling the 15 which is incapable of accessing Apple Intelligence? If they don't then the lineup looks like this in September.
iPhone 16e £599
iPhone 16 £699
iPhone 17 £799
If Apple really do want to replace the SE price point after a bunch of early birds have bought the 16e they do this:
iPhone 16e £499 (yes, a drastic price cut after 6 months on sale, but that would not be good for used values)
iPhone 15 £599
iPhone 16 £699
iPhone 17 £799
But that's a bizarre lineup. And let's not forget that at this point 3rd party retailers will be offering discounts on the iPhone 15 and 16 which brings prices a lot closer to the 16e.
But basically, if there's a £100 gap between iPhone 16e and 16 in September then the choice of which phone to get suddenly becomes one to wrestle with. Especially if the plan next year is to discontinue the 16 and keep the 16e at the bottom of the range (or release an 18e 6 months after the 18 series phones come out.
So while the 16e is a good deal, is there a better one if you can wait for September when a 16 should be cheaper to buy?