OLED is not expensive and can be cheaper than LCD. There is nothing expensive about BOM in iPhone 16e. Face ID used in the current notch form is also not expensive. We are 7 years into FaceID component already. There are reason why Android could pay Qualcomm for SoC while still selling for $199. It is selling 16e at 14 price range with one camera less, which is actually a relatively expensive part in terms of BOM and extra GB of memory. Along with cost saving of its own modem, the $599 is there not to cannibalise sales on 16 which is the heavy margin product range.