A new iPhone is coming out this week, and it’s available to preorder now. Despite the lack of a big promotional event to announce the 2020 iPhone SE, it’s an incredibly appealing new product from Apple. It looks like an iPhone 8, but it runs on the same ultra-powerful chip as the iPhone 11, Apple’s current flagship device. That means it’ll be super snappy and supported for years to come. But perhaps the biggest selling point for deal hunters is that it starts at $399, much cheaper than any other new iPhone on the market.

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The iPhone SE has a pixel-dense 4.7-inch Retina display and it runs on the incredibly capable A13 Bionic chip, the fastest chip in any smartphone on the market. It comes in three colors: black, white, and (Product)Red.

Why is it so much cheaper than the iPhone 11 (which starts at $699)? Mainly due to its slightly older tech in a few key places. For one thing, it re-uses the iPhone 8’s design, and Apple has been making that phone for a few years now. It also has a TouchID-enabled home button, which the latest iPhones do not. (They use FaceID, which presumably requires an expensive front-facing camera). And while the iPhone 11 has multiple rear-facing cameras, the new iPhone SE uses the same single camera from the iPhone XR.

iphone-se-gallery1If saving $300 is more important to you than having a phone equipped with the latest, expensive new tech, the iPhone SE is the obvious choice. And since it has the iPhone 11’s chip, it can still take gorgeous portrait mode pictures, which blurs the background to make your photos look more professional. You can even use a slider to choose how blurry you want the background.

Basically, this is the best deal on a new iPhone we’ve seen in maybe forever. And with Walmart’s discounts (which vary depending on carrier), you can save even more.

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Chris Reed is IGN’s shopping and commerce editor. You can follow him on Twitter @_chrislreed.

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Source: IGN.com Here's Where to Preorder the New iPhone SE