<ul><li>Apple unveiled its first in-house modem chip, the C1, which is incorporated in the new entry-level iPhone 16e.</li><li>The C1 chip is a strategic move by Apple to reduce its reliance on Qualcomm chips and develop its own technology.</li><li>The iPhone 16e will serve as a test vehicle for Apple's in-house modem before integrating it into primary iPhone models in the future.</li><li>Apple plans to release the next generation iPhone, possibly called the iPhone 17, later this year, which may feature the C1 chip.</li></ul>

Apple’s entry-level iPhone 16e has a new chip that cost billions

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