Three years have passed between the release of the third-generation iPhone SE and the iPhone 16E, Apple's latest budget phone. That's a relatively long time for mobile developments to evolve -- and for the sticker price to rise alongside those improvements.

A rumor from some weeks back is suddenly gathering steam, suggesting a different iPhone is on the brink of release.

Since the iPhone 16e does not have an ultra-wide camera, Apple has also elected not to include two camera features that are on the iPhone 14: Cinematic mode and Action mode. These modes enhance video quality by adding a depth-of-field effect and stability to shaky video footage.