Apple Launches iPhone SE

Apple announced its new iPhone SE today. The new smartphone has a lower price than some of Apple's expensive models. The SE will start at $399 in the U.S. It will be available for pre-order starting Friday, April 17.

The iPhone SE will be available in black, white and Product (RED) color options. It is powered by the Apple-designed A13 Bionic chip which Apple says is its fastest chip and gives the phone greater battery life. The phone has a 4.7-inch Retina HD display and aluminum and glass design. The phone is IP67 rated water resistant. It has a Home button and Touch ID.

The new iPhone features what Apple calls "the best single-camera system ever in an iPhone." The 12-megapixel f/1.8 aperture Wide camera features a Portrait mode, six Portrait Lighting effects and Depth control.

Apple's Peter Schiller says in the announcement, "iPhone SE features the industry-leading performance of A13 Bionic that enables great battery life, takes stunning Portrait mode and Smart HDR photos, shoots amazing videos with stereo audio, is great for games and super fast web surfing, and is built with the same industry-leading security features our customers expect."

The iPhone SE comes in 64GB, 128GB and 256GB models. Apple will also be offering the new phone for $9.54 a month or $229 with a trade-in from Apple.com.