Apple's upcoming four-inch 'iPhone SE' will cost between $300 and $400 in the United States, it will have a twelve-megapixel camera on the back rather than an eight-megapixel shooter, as previously rumored, and is entering mass production soon. Moreover, the existing iPhone 5s is slated to be discounted by fifty percent.
That's the gist of a note KGI Securities analyst Ming-Chi Kuo sent to clients, a copy of which was obtained by AppleInsider.