https://www.reuters.com/article/us-apple-iphone/apple-releases-budget-iphone-se-priced-at-399-as-coronavirus-stalls-economy-idUSKCN21X29X

Apple Inc 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.