Please ensure Javascript is enabled for purposes of website accessibility

Rumor: Apple Poised to Release Cheaper iPhone in April

By Donna Fuscaldo – Apr 2, 2020 at 12:29PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Despite the COVID-19 pandemic, Apple is reportedly gearing up to launch a low-cost iPhone on April 15 and will begin shipping it on April 22.

An as-yet unconfirmed report suggests that Apple's (AAPL -3.00%) long-rumored low-cost iPhone 9 is launching later this month, as the iPhone maker continues to churn out products despite the COVID-19 pandemic. 

Citing an internal Apple meeting, Jon Prosser, an Apple tipster, said on Twitter the iPhone 9 is slated to be announced on April 15 and begin shipping on April 22. 

Woman using a iPhone.

IMAGE SOURCE: GETTY IMAGES.

Prosser said that over the course of the next two weeks, Apple will ship iMacs to retail employees who will be trained to provide remote sales and tech support for the devices. Prosser warned that the schedule is tentative, given the COVID-19 pandemic. 

While Apple hasn't said anything about the iPhone 9, rumors have abounded about the device. The cheap iPhone, which is also being called the iPhone SE2, will reportedly be priced starting at $399 and is targeted at consumers who want to use Apple's apps and services but don't need all the bells and whistles that are found in the iPhone 11. 

While Apple has cornered the high end of the market, by offering a cheaper device it gets access to a set of consumers who couldn't afford an iPhone in the past. The iPhone 9 is expected to have Apple's A13 Bionic processor, and based on leaked iOS 14 code spotted by 9to5Mac, will come in two screen sizes: a 4.7 inch LCD display and a 5.5. inch LCD screen. Both devices will reportedly have a Home Button and Touch ID but will not come equipped with Face ID. 

If Apple does launch the iPhone 9 this month, it will mark the second time amid the pandemic that it is rolling out new products. In March Apple launched a new iPad Pro that has built-in 3D scanning technology. Billed as Apple's most technologically advanced iPad, it comes in 11-inch and 12.9-inch models and starts at $799 and $999, respectively. 

Donna Fuscaldo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
AAPL
$138.20 (-3.00%) $-4.28

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
326%
 
S&P 500 Returns
102%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.