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 (APPLE) iPhone 16e is outperforming the initial sales of the third-generation iPhone SE launched a few years ago, but isn’t enough to reverse the company’s sales decline in China, analyst firm IDC suggests.

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 sales were 60% stronger in its opening three days, compared to the iPhone SE from 2022, but China sales are forecasted to decline by about 2%.