Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e. In doing so, it all but abandoned the budget smartphone market. Also: The company prepares to launch the M4 MacBook Air and confirms that Apple Intelligence is coming to the Vision Pro. Plus, startup Humane sells itself to HP and shuts down the Ai Pin, and we have an inside look at Apple’s plan to merge its new modem component with the main chips in its devices.Last week in Power On: Apple and Meta are set t...