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What to expect from Apple's event on Tuesday: A budget iPhone and more

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The launch will be livestreamed from Apple’s Apple Park headquarters in Cupertino, California.
Apple is holding its first launch event the year on Tuesday, where it is expected to announce a new iPhone, an iPad, and possibly some fresh Macs. The launch will be livestreamed from Apple’s Apple Park headquarters in Cupertino, California, like all of the company’s launch events since 2020. Apple’s spring device launches are less important to the company than its traditional fall events, which reveal new iPhone models ahead of the holiday shopping season. The fall iPhones are pricier and more profitable for Apple. Tuesday’s event follows a similar spring launch last year, where Apple announced a new iPad Pro, a redesigned iMac desktop computer and AirTags. Here’s what’s expected at Apple’s spring launch event on Tuesday, according to analysts and media reports: A low-cost iPhone Apple is expected to update the iPhone SE with 5G support, a faster processor, and a better camera, according to Bloomberg News. But the most important question for investors is whether Apple will maintain the same price as the current $399 iPhone SE, which launched two years ago, or whether it refreshes it and continues to sell the 2020 model at an even lower price.

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