Apple hasn't released a new budget smartphone since the iPhone SE debuted in 2016.
Now that smartphone prices are higher than ever before, making it more difficult to convince consumers to upgrade, it's the perfect time for Apple to release a low-cost iPhone.
The competition could heat up quickly, as Google is rumored to be releasing a new cheaper Pixel phone shortly.
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Apple is likely to announce three new iPhones this fall that will succeed...
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