American company Apple is going to release a smartphone that will cost less than a new iPhone SE.

Reported network insider MauriQHD.

A new gadget can get a design from one of the last flagships of the brand.

The price will be at the level of the Chinese smartphone middle segment, which is around $200-300.

According to the source, the new smartphone will receive neither modern CPU nor a powerful battery or the big screen, while the budget iPhone will be quite able to win popularity in the markets of developing countries.

The insider adds that Apple conducts its own development of the game console, which will compete with the Japanese manufacturer Sony — PlayStation. An American console will not work on the basis of the x86, but on ARM platform, which will be the development of Apple.