If it starts at $499 or less and the specs are somewhere in the ballpark of what the rumors say then the iPhone 16 has very little reason to exist: same A18 SoC and 8 GB RAM, storage probably starts at the same 128 GB, OLED, same main camera, Face ID. So $300 more gets you an ultra-wide lens and a different display cutout (if even that)? Am I missing something?
Also, the upsell to the 16 Pro is suddenly quite steep.
This would/could be the best value iPhone since the original SE (2016).
I’ll be interested to see what it ends up looking like for real. How big is it? Does it have a home button or other fingerprint sensor? What will the cameras bump like like? Will it have a notch or punch out. If it has a notch, will it still support island-style notifications? Etc etc.