iPhone 16 and iPhone 16 Plus were launched by Apple on Monday at its latest hardware launch event. These smartphones are powered by a new A18 chip and run on iOS 18, along with support for Apple Intelligence - the company's take on artificial intelligence (AI). Like their predecessors, they are equipped with a dual rear camera setup. The iPhone 16 and iPhone 16 Plus also feature the Action button that arrived with the iPhone 15 Pro models last year, and a new Camera Control button.