Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU  —  Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e.  In doing so, it all but abandoned the budget smartphone market.