The price of the iPhone 16 has already dropped significantly due to the launch of the newer iPhone 17 series and ongoing sales events. Apple officially cut prices, and retailers like walmart are offering further discounts bringing the effective price down through direct sales and exchange deals.
Official price cuts, Apple has already reduced the prices of the iPhone 16 and 16 Plus models, with a notable price cut of 112.90 .
Retailer discounts Retailers are offering additional discounts on top of the official price cut.

Apple iPhone 16 128GB – £699 ($904.49) down from £799 ($1033.88)
Apple iPhone 16 Plus 128GB – £799 down from £899 ($1163.28)
Apple iPhone 16 Pro 128GB – £899 down from £999 ($1292.68)
Apple iPhone 16 Pro Max 128GB – £1,099 ($1422.07), down from £1,199 ($1551.47)
If you are looking to buy now the iPhone 16 at £699 or even lower with deals is a good flagship option.
Here is the list specs of iPhone 16 and 16 Plus
The iPhone 16 features a 6.1 inch Super Retina XDR display, an A18 chip, 8GB of RAM and storage options of 128GB, 256GB or 512GB. It has a dual camera system with a 48MP wide and 12MP ultrawide lens on the back and a 12MP front camera. The battery is fast charge capable and it is rated IP68 for splash, water and dust resistance.

Apple iPhone 16
Display
6.1″ Super Retina XDR OLED with a resolution of 2556 × 1179 pixels for stunning clarity and color accuracy.
Build and Design
Crafted with an aerospace-grade aluminum frame and a color-infused glass back. The front is protected by Apple’s Ceramic Shield. Rated IP68 for water and dust resistance.
Chipset
Powered by the Apple A18 chip featuring a 6-core CPU (2 performance + 4 efficiency cores), a 5-core GPU, and a 16-core Neural Engine for faster AI and machine learning tasks.
Camera System
Rear Triple camera setup with a 48 MP main (ƒ/1.6), 12 MP ultra-wide (ƒ/2.2, 120° field of view) and 12 MP 2× telephoto (ƒ/1.6).
Front 12 MP TrueDepth camera for selfies and Face ID.
Storage Options
Available in 128 GB, 256 GB, and 512 GB variants.
Connectivity and Features
USB-C connector, Mag-Safe wireless charging (up to ~25 W), Qi2 wireless charging, Wi-Fi 7 (802.11be), Bluetooth 5.3, and dual e-SIM support.
Software
Runs on iOS 18, introducing Apple Intelligence on device AI and machine learning enhancements for smarter more personalized performance.
iPhone 16 plus
Display
The phone features a 6.7-inch Super Retina XDR OLED display with a resolution of 2796 × 1290 pixels.
Build and Design
It uses an aerospace grade aluminium frame, a color-infused glass back (available in Black, White, Pink, Teal, Ultramarine and a front with Ceramic Shield for durability. It is rated IP68 for water and dust resistance.
Chipset
The iPhone 16 Plus is powered by the Apple A18 chip, which features a 6-core CPU 2 performance + 4 efficiency cores, an integrated GPU and a Neural Engine for on device AI and ML tasks.
Camera System
Rear 48 MP main camera (ƒ/1.6), plus a 12 MP ultra-wide (ƒ/2.2, 120°).
Front 12 MP camera for selfies and Face ID.
Storage Options
Available in 128 GB, 256 GB, and 512 GB capacity variants.
Connectivity and Extras
USB-C connector for charging/data transfer.
Wireless charging support including Mag-Safe standards.
Wi-Fi 7 (802.11be) Bluetooth 5.3, dual e-SIM support.
Ships with iOS 18 out of the box and includes Apple Intelligence AI and ML features.
Dimensions and Weight
Height 160.9 mm
Width 77.8 mm
Depth 7.8 mm
Weight approximately 199 grams.
Battery and Usage
The larger size allows for improved battery life compared to the smaller sibling. For instance, video playback time is rated up to around 27 hours.