Apple budget phone coming in 2020 with latest A13 chip, analyst says

Apple iPhone 11
The new budget iPhone SE 2 will include Apple's newest and fastest A13 chip and cost just $399, according to a reliable analyst. (Apple)

Apple plans to release an iPhone SE 2 in early 2020 starting at $399, according to Apple analyst Ming-Chi Kuo, MacRumors reported on Monday.

The phone will run Apple’s latest A13 chip and come in 64 GB and 128 GB options with 3 GB of application RAM. It will come in Space Gray, Silver and Red. There won’t be any 3D Touch, just Haptic Touch.

The analyst said it will be a popular upgrade for existing iPhone 6 and iPhone 6S owners with the form factor of an iPhone 8. 

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Ming-Chi Kuo works as an analyst at TF International Securities, a financial services group, but his predictions are widely regarded as accurate. He said that Apple suppliers will produce 2 million to 4 million of the devices each month, with 30 million for all of 2020.

Apple apparently sees revenue potential with a low-cost model and earlier increased production of lower-cost iPhone 11s. The iPhone 11 line includes a basic model for $699, the iPhone 11 Pro for $999 and the iPhone 11 Pro Max for $1,099.

The first iPhone SE was introduced in March 2016 as a 4-inch phone with an A9 chip and a $349 starting price. It was discontinued in September 2018 and was replaced by the iPhone 7 for $449.

RELATED: Apple orders production of 10% more lower-cost iPhone 11s

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