At its cheapest, the latest iPhone is only $399 for a 64GB model—half the price of the iPhone 11 when it was introduced. Apple's newest product is the latest iteration of the iPhone SE, which was first introduced in 2016. 

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Bringing back a design that's reminiscent of the iPhone 8, the iPhone SE, despite its price, is a power-packed phone: it has an A13 Bionic chip and comes with WiFi 5 and Express Cards, making it as fast as the iPhone 11 and a tad better than the iPhone XR. The iPhone SE also has a solid single-lens 12MP wide camera (The same as the XR), a 7MP FaceTime HD Camera (a notch lower than the phones that immediately preceded it), and 4.7-inch Retina display, and it's dust- and water-resistant with an IP67.

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With its bezel and button, however, the affordable newcomer also brings back the TouchID and skips over the more recent FaceID tech. It's a minor detail, but one that may have a significant impact amid today's mask-wearing pandemic. 

The iPhone SE, a line first introduced in 2016 as an upgraded version of the 5S, will come out with black, white, and red versions. It will also launch 128GB and 256GB models.

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“The first iPhone SE was a hit with many customers who loved its unique combination of small size, high-end performance and affordable price; the new second-generation iPhone SE builds on that great idea and improves on it in every way—including our best-ever single-camera system for great photos and videos—while still being very affordable,” said Phil Schiller, Apple’s senior vice president of Worldwide Marketing, in a press release.

The iPhone SE is available for pre-order on apple.com and the Apple Store app beginning at 5 a.m. PDT on Friday, April 17.

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