People walk by an Apple store in Glendale, California, on December 26. - Mario Tama/Getty Images/File Apple’s iPhone 16e debut was surprising for two reasons: First, the company shifted away from the “SE” branding after nearly a decade. Then it priced the budget phone higher than expected at $599 — a notable jump from the $429 iPhone SE. The iPhone 16e, which launches on February 28, is Apple’s latest effort to diversify its iPhone lineup and prove the company’s 18-year-old signature product can still appeal to new audiences. The iPhone is the driving factor behind Apple’s nearly $4 trillion market...