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Apple's new budget iPhone will have 5G capability — and a higher price

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Third-generation iPhone SE marks the first upgrade to the bare-bones version of Apple’s most popular product.
Apple unveiled its latest budget version of the iPhone, the third-generation iPhone SE, capable of connecting to ultrafast 5G wireless networks — an upgrade that’s already been available on the company’s upscale models for more than a year. The latest iPhone SE marks the first upgrade to the bare-bones version of Apple’s most popular product in nearly two years. In the latest sign of the inflationary pressures that have been roiling the economy, the new iPhone SE will sell for $429 — an 8% increase from $399 price tag for the last version that rolled out it nearly two years ago during the early stages of the pandemic. The new iPhone SE will be available in stores March 18. In a pandemic precaution, Apple still refrained from inviting the media and other guests to the in-person events that it has traditionally staged to introduce its latest products. Instead, Apple live-streamed the „Peek Performance“ virtual event from the theater named after co-founder Steve Jobs at its Cupertino, California, headquarters. The latest iPhone SE features the A15 Bionic chip — „the fastest CPU in a smartphone,“ according to Apple — as well as more durable screen, a longer lasting battery than the last model, and a new single-lens camera system that produces more detailed, lifelike images. Nevertheless, the iPhone SE’s biggest selling points will likely be its compatibility with still-emerging 5G wireless networks and its relatively low price. Even with the $30 price increase, the iPhone SE is still a sharp discount from the fancier iPhone 13 line-up released last autumn.

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