The iPhone 16e, announced Wednesday, has a powerful A18 chip and Apple C1, the first cellular modem designed by Apple, and it has foregone the home button in favor of face I.D. The new device also has the usual satellite features — including emergency SOS,

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.

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.