Apple AAPL-Q is set to launch its latest budget iPhone model on Wednesday as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such Samsung and China’s Huawei. The fourth generation of the lower-cost model, so far known as iPhone SE, will take on popular Android smartphones at a time when consumer electronics makers are looking to add artificial intelligence tools into their devices. The current-generation of iPhone SE, released in 2022, is available at $429 and the latest version is likely to be priced at a premium to the outgoing...