Apple announced the iPhone 16e Wednesday, its first budget smartphone in three years — and its first-ever smartphone with an in-house cellular modem. Priced at $599 to start, or $200 cheaper than the base iPhone 16, it's now available for preorder ahead of its formal launch on Friday, Feb. 28.

Its net button count hasn’t changed, however, as the new iPhone SE now has a customizable Action Button, though there’s no dedicated Camera Control button. The lone 48-megapix

At a surprising time, Apple unveiled a new phone with Apple Intelligence and Apple's first in-house 5G modem. Here are the main features and specs.