➀ Apple has launched the iPhone 16e, a budget-friendly version of its iPhone series; ➁ The device features an A18 SoC with four GPU cores, 8 GB of RAM, and a 6.1-inch OLED display; ➂ The iPhone 16e includes a new action button, Apple's first in-house 5G modem, and a 48 MP camera on the back.