Apple's iPhone 16e is outselling the older iPhone SE by 60%, but analysts say the new budget model won't be enough to stop the company's projected sales decline in China this year.

Apple Inc.’s iPhone 16e is outpacing initial sales of the third-generation iPhone SE released a few years ago, but won’t be enough to reverse a China slide, according to analyst firm IDC.

The iPhone 16e provides some big advantages over the two-year-old iPhone 15, including Apple Intelligence and superior battery life. The iPhone 15 still stands its ground as a no-nonsense baseline iPhone with 128GB of storage,