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. 

Free Daily Newsletter

Interesting read? Subscribe to FierceElectronics!

The electronics industry remains in flux as constant innovation fuels market trends. FierceElectronics subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and predictions impacting their world. Sign up today to get electronics news and updates delivered to your inbox and read on the go.

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

Suggested Articles

Startup claims to have outdistanced big GPU makers by years

A WPI-led research team is developing a wireless oxygen sensor that allows medical personnel to remotely monitor oxygen levels in babies.

The U.S. Patent and Trademark Office, USPTO, has issued Ford a patent for a “vehicle seat having moisture sensing."