UPDATE 2-Apple releases budget iPhone SE priced at $399 as coronavirus stalls economy [Reuters]
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Source: Reuters
Apple releases budget iPhone SE priced at $399 as coronavirus stalls economy (Reuters) - Apple Inc ( AAPL.O ) on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy. The lower-cost model could also attract more consumers to Apple services, a growing driver of revenue. Shares of Apple fell 1.4%, less than the 2.8% decline of the S&P 500 index. Apple will start taking orders for the phone on its website on Friday, with delivery of devices expected to start April 24. The iPhone SE will start at $50 less than what was previously the cheapest iPhone available, the iPhone 8, which will be retired. The SE comes with a 4.7-inch display and the same processor chip as Apple’s most advanced phone, the 11 Pro. The SE lacks Apple’s facial recognition system to unlock the device, instead relying on a fingerprint sensor similar to
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