Apple will unveil its for 2019 , but we might already have a glimpse at what it expects to do in 2020. The Cupertino, California, company plans to add a cheaper iPhone -- its first since 2016's $399 -- to its lineup next spring to win customers back from competitors like , Nikkei reported Wednesday.
In July, Apple reported thatto $26 billion in its fiscal third quarter.
The name and price have yet to be decided yet, but the size will be comparable to the 4.7-inchfrom 2017. The phone will share most components with this and use a cheaper LCD display to keep the cost low, according to the Japanese paper.
Apple didn't immediately respond to a request for comment.