Apple has announced the iPhone 16e, the company's new "affordable" iPhone starting at $599, replacing the iPhone SE. (The iPhone SE was last updated in 2022 and started at $429.) The iPhone 16e is powered by the same A18 processor as the standard iPhone 16, supporting Apple Intelligence AI features. The iPhone 16e is also the first iPhone to use an Apple-designed cellular modem instead of a Qualcomm modem. This Apple C1 chip supports 5G and is "the most power-efficient modem ever on an iPhone". Apple claims the iPhone 16e's battery can last up to 12 hours longer than any iPhone SE. The iPhone 16e has a 6.1-inch OLED display with a notch for Face ID sensors and no home button, just like the iPhone 14. The display is protected by Ceramic Shield and the phone body is rated IP68 for water and dust resistance. The phone features Apple's satellite connectivity, including Messages, Emergency SOS, Roadside Assistance, and location sharing. The iPhone 16e has both wireless and USB-C charging. The single rear camera has 48 megapixel resolution, supporting 2x zoom, 4K video with Dolby Vision up to 60 fps, and Spatial Audio capture. The iPhone 16e will be available in black or white starting at $599 for 128 GB of storage. It will also be available with 256 GB storage for $699, or 512 GB for $899. Pre-orders start this Friday, with full availability beginning the following Friday, February 28.