Apple will launch a cheaper smartphone — a second generation iPhone SE — in the first half of 2018, according to the Chinese publication, Economic Daily News, as noted by Seeking Alpha.
The updated smartphone will purportedly have a $450 price tag and be designed to better appeal to customers in emerging markets than models such as the iPhone 8, iPhone 8 Plus, and iPhone SE. The SE 2 will have a four-inch screen (the iPhones 7 and 8 have a 4.7-inch display) and will likely pack a more powerful processor, according to Economic Daily News.
In the U.S., Apple currently offers the iPhone SE with 32GB of storage for $399 and 128GB for $499. It packs an A9 processor, rear facing 12-megapixel camera and comes in color options of silver, gold, space gray, and rose gold. However, it doesn’t have a 3D touch display.