Apple Inc on Monday unveiled a smaller, cheaper iPhone aimed at new buyers, especially in emerging markets and possibly China, the world's biggest buyer of smartphones, as the technology company looks to reverse a decline in worldwide sales of its most important product.
The new device, called the iPhone SE, has a 4-inch (10-cm) screen and starts at a price of $399. It represents Apple's second bid for the crowded mid-tier market after an unsuccessful foray three years ago.
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