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Fortune

Dave Smith

Apple just unveiled a new iPhone months outside its typical announcement window—but the most interesting thing about it isn't the price tag

Apple Qualcomm Intel Corporation

The iPhone 16e from Apple, laying flat on a table (Credit: Apple)

Apple unveiled the iPhone 16e on Wednesday, emphasizing its affordability. But there's something in this phone that's far more interesting than its price tag: The C1 chip is brand-new Apple Silicon that could spell the end for Qualcomm's modems in future iPhones.

Apple, which typically unveils its new iPhones in September, unveiled a new iPhone on Wednesday, called the iPhone 16e. It goes on sale next Friday, Feb. 28.

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