In a highly anticipated event, Apple has officially launched the iPhone 16e, a powerful addition to the iPhone 16 lineup, priced at $599. The launch has sparked conversations regarding the unexpected absence of the iPhone SE 4, with many speculating about the new naming strategy that Apple is adopting. While the iPhone SE 4 was anticipated by many, recent updates confirm that the device will not be named as such. Additionally, Apple has unveiled its first custom modem chip, marking a shift away from relying on Qualcomm components. The introduction of the new lower-cost iPhone aims to strengthen Apple’s presence in a competitive market amid challenges from Chinese manufacturers.