Saying the iPhone 16 hardware only supports 480Mbps is accurate; the iPhone 16 Pro supports USB 3 transfer speeds, however the base iPhone 16 is limited to usb 2.0 speeds. This remains unchanged from the iPhone 15, with the base model topping out at 480Mbps and the Pro at 10Gbps.
Saying the iPhone 16 hardware only supports 480Mbps is accurate; the iPhone 16 Pro supports USB 3 transfer speeds, however the base iPhone 16 is limited to usb 2.0 speeds. This remains unchanged from the iPhone 15, with the base model topping out at 480Mbps and the Pro at 10Gbps.
I stand corrected.