https://www.reuters.com/article/us-apple-iphone/apple-has-a-399-iphone-se-for-the-budget-conscious-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.