Tim Cook opens by discussing the iPhone’s impact and introduces the iPhone 16e as the newest and most affordable member of the iPhone 16 family.
Key features of the iPhone 16e include:

Powered by the A18 chip for fast performance
The new C1 Apple-designed cellular modem for efficient 5G connectivity
Exceptional battery life (26 hours of video playback, up to 12 hours more than older iPhones)
USB-C port for universal charging compatibility
iOS 18 with full Apple Intelligence capabilities
Action button for quick access to apps and features
A custom 48-megapixel Fusion camera system combining two cameras in one
2x Telephoto capability with optical quality
4K video recording
Durable design with Ceramic Shield display protection
Aerospace-grade aluminum enclosure in matte white or black
Face ID for secure authentication
Safety features including Crash Detection and satellite connectivity

The iPhone 16e starts at $599, with pre-orders beginning the Friday after the announcement and availability from February 28.
The presentation emphasized how this model brings Apple Intelligence and the iPhone 16 experience to more people at a more accessible price point.