Apple unveils first budget 5G iPhone

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At Apple's first product event of the year, the standout was a new budget iPhone with access to 5G networks. The new iPhone SE runs on the company's faster A15 Bionic chip and features an updated camera with a longer-lasting battery.

At its first product event of the year on Tuesday, Apple unveiled an upgraded iPad Air, a new desktop computer and a powerful new Mac chip. But the standout product was a new budget iPhone with access to 5G networks.

Apple's new iPhone SE, only the third version since the model launched in 2017, runs on the company's faster A15 Bionic chip, the same in-house processor that drives the iPhone 13 line. It also features an updated camera and a longer-lasting battery, packed into the same 4.7-inch display as the previous model. But it's the added 5G capability that could be the ultimate draw for customers, by giving them access to the faster wireless network at a more affordable price point.

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