I do not expect the 16e to reduce in price for at last 18 months. Apple has been tightening the screws on its prices. Also, the c1 modem is not coming to every single device Apple makes this year. Qualcomm announced that there is a deal for new iPhone launches until 2026. We're not done yet with Qualcomm and Apple.

https://www.bloomberg.com/news/articles/2023-09-11/apple-aap...