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Last year, Apple launched its first $1,000 phone.
The iPhone X is not only Apple's most expensive phone, but also its most advanced model. It featured a screen that stretched across the entire device, and advanced front-sensors that lets the phone scan your face to keep it secure.
But as soon as September, you might not need to pay $999 to get these features. Several reliable sources — including Bloomberg, Wall Street Journal, Morgan Stanley, and KGI Securities — have said they expect Apple to release a lower-cost iPhone this year.
KGI Securities said in a note seen by Business Insider on Wednesday that it could be priced between $550 and $650. Apple launches new iPhones in September, so that's when it could come out.
Here's what we know about the most important iPhone Apple could launch this year:
The new low-cost iPhone will only be one of three models that are expected to come out this fall. Apple is also expected to launch an updated version of the iPhone X as well as a super-sized iPhone X.KGI SecuritiesHere's everything Apple's expected to launch this year.
But the cheapest of the three new phones is expected to be the best-selling, according to KGI Securities analyst Ming-Chi Kuo. It could account for 65% to 75% of iPhones sold this upcoming cycle, he said in a note earlier this week.Justin Sullivan/Getty Images
It could have an edge-to-edge screen and facial recognition.Hollis Johnson
One reason why it could be less expensive than the iPhone X is because it uses a less advanced screen. It's said to use an LCD screen, instead of the OLED screen on the iPhone X. OLED screens use less power and have better colors.Antonio Villas-Boas/Business Insider
More information about LCD vs OLED here.
Supply chain sources have said the new iPhone will have a 6.1-inch screen, which is bigger than the screens on the iPhone X and the iPhone 8 Plus.Justin Sullivan/Getty Images
See the rest of the story at Business Insider
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