Apple will launch a low-cost iPhone next spring to retake ground in emerging markets, reports Nikkei. The new smartphone will be the first low-cost model released by Apple since the iPhone SE.The name and price of the new device hasn't yet been decided; however, sources say it's viewed as the latest generation of the SE.
The new, cheaper iPhone could boost sales for Apple next spring, when the life-cycle of new flagship iPhones -- scheduled to be unveiled Sept. 10 -- would naturally begin to slow. The original iPhone SE sold about 30 million units in 2016 and another 10 million between 2017 and 2018, according to Yuanta Investment Consulting.
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