Mark Sullivan, reporting for Fast Company:
Several publications and a few analysts have already predicted that Apple will announce a new sub-$500 iPhone, which may be called either the iPhone SE 2 or the iPhone 9. My own sources near the iPhone supply chain tell me that parts production for the new phone is now ramping up.
One source believes the new phone will likely sell at $399, roughly the same price as the first iPhone SE.
This would be well timed for my in-laws, who are looking to purchase their first smartphone sometime in the next few months. A low-cost iPhone seems like the perfect device for them.