Apple has effectively exited the budget smartphone market with the launch of the iPhone 16e, a successor to the long-discontinued iPhone SE. The new device’s release comes as the company prepares other high-profile product launches, including the M4 MacBook Air and Vision Pro. Additionally, rumors are circulating about an upcoming merger between Apple’s modem component and its main chips. This move marks a significant shift in Apple’s focus towards premium products, leaving the affordable iPhone SE behind.
Source: https://www.bloomberg.com/news/newsletters/2025-02-23/apple-abandons-budget-phones-inside-apple-s-modem-m4-macbook-air-launch-timing