Apple will unveil its iPhone 11 lineup for 2019 next Tuesday, 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 iPhone SE -- to its lineup next spring to win customers back from competitors like Huawei, Nikkei reported Wednesday.
In July, Apple reported that iPhone sales slid 12% to $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-inch iPhone 8 from 2017. The phone will share most components with this year's iPhones 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.