When Apple announced the iPhone 16e, there weren't many surprises. Rumors had already revealed that it would feature Face ID, an OLED display, a custom modem, and a version of the A18 processor found in the regular iPhone 16. It was a little surprising to see such a long battery life and the complete absence of MagSafe, but those are things that could've been reasonably predicted.
Source : https://www.pocket-lint.com/iphone-16e-apple-abandoning-budget-devices/
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