The Possibility of Apple launching a New 'Cheaper' iPhone

Apple's 'cheap' iPhone is likely to be introduced in late March.
Bloomberg reports that Apple plans to introduce the iPhone SE 2 (or iPhone 9) in March despite the Chinese supply being affected by Corona virus. Apple said in a February 17 statement that the cause Corona virus could not meet its revenue targets during the January-March quarter because of demand cuts and supply constraints in China.According to the company, the iPhone manufacturers have reopened but production speed is lower than expected. But the new report says the company has yet backed down off its intention to offer the $ 400 iPhone.
This new phone will be an updated version of the 2016 iPhone SE, whose design and features will be much better. It will be a cheaper iPhone 4.7-inch screen while the design is similar to the iPhone 8 But it will have the same processor as the iPhone 11. This phone will have most of the features of the 2019 iPhone while the cheap LCD display will be used to keep the price low. It will have a 12-megapixel single camera on the back like the iPhone 8, and a camera on the front.Apart from this, 64 to 128 GB storage options will be offered along with 3 GB of RAM. As mentioned above, this phone is likely to be introduced in March because for the past few years, Apple has been holding an event in March each year with various announcements.Introducing the Apple TV Plus and Apple Card last year, a cheaper iPad in 2018 and the iPhone SE in 2016.