According to a report Apple is preparing to launch a new lower price iPhone and this will happen around July . The New iPhone SE 2 will cost about $450 and it will be aimed at sales in emerging markets. The more economic phone is designed to cater to fans of smaller displays and who want a less-expensive phone and I am glad iPhone is doing this maybe this will target more for the parents that are debating on getting their child their very 1st phone cause the newest model is expensive.