APPLE is expected to launch its cheapest 5G iPhone to date – costing as little as $299.
The new handset could arrive with the low price tag as soon as Tuesday, March 8.
Apple hasn't publicly confirmed the existence of the iPhone SE 3 – yet.
But a special Apple spring event is set to take place on March 8.
The company is widely expected to launch the first 5G version of the iPhone SE.
The iPhone SE is Apple's cheapest smartphone.
A first-generation model launched back in 2016, followed by a second-generation variant in 2020.
The new third-generation iPhone SE could cost just $299, according to Loop Capital Markets analyst John Donovan.
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That's significantly cheaper than the $399 iPhone SE 2, which launched in 2020.
However, rival analyst Daniel Ives – of Wedbush Securities – says Apple will likely stick to $399.
That means the cost of the iPhone SE 3 will likely fall between $299 and $399 in the USA, and £279 and £399 in the UK.
Selling a very cheap iPhone makes sense for Apple, experts believe.
The company has repeatedly confirmed its focus on making money from services – like App Store purchases, Apple Music subscriptions and Apple TV viewers.
That means Apple will want to get its devices into as many hands as possible – even if the gadget itself doesn't generate huge profits.
The event is due to take place at 10am California time – so 1pm in New York and 6pm in London.
Apple has named the event "Peek Performance", which is fairly mysterious.
If Apple does announce the iPhone SE 3 on March 8, we'd expect the phone to be available for pre-order that same Friday – March 11.
Then Apple would likely begin selling the phone in stores the Friday after that – on March 18.
We spoke to CCS Insight analyst Ben Wood about the new mobile.
"The iPhone SE is a key franchise for Apple offering the most affordable starting point for people often buying an iPhone for the first time," Ben told The Sun.
"It also caters perfectly for people who need a phone but don’t want all the bells and whistles.
"Apple will likely follow its usual approach on making incremental improvements across all areas such as the processor power, battery life and a the screen.
"The other big story will be the addition of 5G.
"All the operators in the UK are keen to get as many people onto 5G as possible and having the entry level iPhone supporting the technology is key."
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