The Nikkei newspaper confirmed that this new iPhone model will be Apple's first low-cost smartphone since the 2016 iPhone SE. Although the name and price of the model have not been decided, it is considered as the latest generation of iPhone SE.
According to Nikkei sources, the new iPhone has the same 4.7-inch size as the iPhone 8 launched in 2017. It has many components similar to the 2018 iPhone and equipped with LCD screens to help Apple achieve the low price as expected.
Rumors of a cheap 4.7-inch iPhone model based on the iPhone 8 prototype first appeared in April 2018 in Economic Daily News (EDN). EDN's source confirmed that the device uses Apple A13 chip, single camera and the smallest memory is 128GB.
It is unclear whether the new iPhone will use a notch and Face ID design, but it will probably use the Home button with Touch ID to reduce costs. Currently, the iPhone 7 is the cheapest iPhone Apple is selling, starting at $ 449.
Apple may stop selling the iPhone 7 after the launch of the 2019 iPhone a few days, leaving a gap in the mid-range segment. This is the place for cheap iPhones.