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Dec 7, 2015 6:23 AM in response to bryan8421by Lawrence Finch,No iPhone has ever shown 16 GB in the About on the phone. What it shows is available storage after adjusting for the difference in measurements (16 GB in decimal is displayed as 14.95 GB in binary, as the phone shows it), and after subtracting the space used by iOS and its data. 11.5 GB is about right, as iOS takes about 2 GB and the "disk" formatting takes the difference.
For the measurement difference, see: How OS X and iOS report storage capacity - Apple Support