TF Securities analyst Ming-Chi Kuo is predicting Apple will release a lower-cost iPhone in Q1 2020.

The phone will have a similar body to the iPhone 8 but contain the same A13 processor as the new iPhone 11.

With a budget price of US$399 (~ CDN$525) Kuo predicts the new iPhone, which some are calling the iPhone SE2, as a “key growth driver” for Apple next year. He reasons the device could attract the as many as 200 million customers who are still using an iPhone 6 or 6s. iOS13, Apple’s latest operating system software for it’s mobile devices, does not support the iPhone 6.

First released in September 2014, the iPhone 6 is sill the most used iPhone.

Philip Elmer-DeWitt »

Kuo’s prediction lines up with multiple other sources that have claimed Apple plans to release a new lower-cost iPhone 8-esque device next year, including the Taiwanese publication Economic Daily News, Japanese publication Nikkei Asian Review, and Bloomberg‘s Mark Gurman and Debby Wu.

Joe Rossignol, writing for MacRumors »

Kuo’s prediction lines up with multiple other sources that have claimed Apple plans to release a new lower-cost iPhone 8-esque device next year, including the Taiwanese publication Economic Daily News, Japanese publication Nikkei Asian Review, and Bloomberg‘s Mark Gurman and Debby Wu.

Those earlier reports indicated the device will sport a 4.7-inch display and a Touch ID home button like the iPhone 8. Apple continues to sell the iPhone 8 from $449, while the iPhone SE was $349 prior to being discontinued. When new, the iPhone 8 and iPhone SE started at $699 and $399 respectively.

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