Spotted by MacRumors, Weibo account OvO OvO OvO OvO . Said that Apple has informed suppliers that it (Apple) won't be ordering the Camera Control component.
This is probably because most iPhone 16 Users don't use the button. Due to it's inconvenient placement or the fact it adds extra steps and is a new feature to learn.
But we can't verify that
The user has to track record, and is using a platform I've never heard of.
But with that said, it's still possible that Apple may remove the Camera Control Button.