Apple Rolls Out New 5G Capable Budget iPhone At Event

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Apple Rolls Out New 5G Capable Budget iPhone At Event
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Apple on Tuesday unveiled a new version of its budget-priced iPhone that's capable of connecting to ultrafast 5G wireless networks, an upgrade that's already been available on the company’s upscale models for more than a year.

CUPERTINO — Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that’s already been available on the company’s upscale models for more than a year.

It’s a sharp discount from the fancier iPhone 13 line-up released last autumn. Consisting of four different models, the iPhone 13’s prices range from $700 to $1,100. All of them, like the iPhone 12s released during autumn 2020, can connect to 5G phones. Wedbush Securities analyst Dan Ives expects Apple to sell about 30 million of the new iPhone SE models during the next year, filling a need among less affluent consumers who own one of the estimated 225 million iPhones that are at least three-and-half years old.

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