It's more than just an iPhone SE wrapped in a Lumia case ... They also added a custom SIM card slot and made the Lightning port look like a micro-USB port, as originally reported by 9to5Mac.
All versions of the Apple iPhone 16 series support eSIM. They also all support dual-SIM, using two eSIM profiles at a time. There is no support for physical SIM cards in the US. That said, things ...