Apple iPhone SE: 7 things you need to know

A look at the iPhone SE's size, memory, and other features to get an idea of whether an upgrade is worth your money.

From bottom, the iPhone 6S Plus, 6S and SE lie stacked on one another in a comparison photograph, Thursday, March 24, 2016, in New York. Apple's new 4-inch iPhone SE is a good choice at a good price for many people. You get the same speeds, graphics capabilities and rear camera as the iPhone 6S, but for $250 less.

Julie Jacobson/AP/File

March 26, 2016

Apple announced its newest iPhone this week, a 4" model called the iPhone SE. Many rumors and predictions turned out to be true, but a few missed the mark. We look at its size, memory, and other features to get an idea of whether an upgrade is worth your money.

Honey, Apple Shrunk the 6s

The iPhone SE is essentially a 6s in 5s' clothing. It includes the same A9 processor, which could provide amazing gaming capabilities for a 4" handset. It also offers support for the always-on "Hey Siri" function, adding hands-free accessibility to the personal assistant. The SE will also boast the same 12-megapixel camera of the 6s, as well as the ability to take Live Photos and 4K video.

The Cheapest New iPhone — Ever

Analysts theorized that the starting price for the iPhone SE would match that of the 5s, at $450 for a 16GB model. However, it appears Apple is discontinuing the 5s entirely, replacing it with the SE as the latest "budget-friendly" iPhone. Furthermore, the 16GB model of the SE is, at $399, $51 cheaper than what was predicted. And according to Apple, that's the "most affordable [introductory] price" ever for an iPhone.

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You'll Still Want the Expensive One

Instead of a 32GB model, the SE jumps from 16GB to 64GB, the latter of which costs $499. If price isn't a huge factor for you, it's worth it to pay $100 more to gain four times the storage space. After all, iPhones are known for their lack of expandable storage.

No 3D Touch, Which is No Surprise

The event made no mention of 3D Touch, but did highlight Live Photos as a feature on the SE. It's safe to assume Apple would've emphasized 3D Touch if it were indeed going to be utilized to capture Live Photos on the SE. It's likely that users will have to use the "long press" that was theorized leading up to the new iPhone's announcement.

Answering the Call For Smaller iPhones

A huge group of consumers still prefer a tiny iPhone. Apple noted that they sold 30 million 4" iPhones (which includes the 5, 5s, and 5c models) in 2015 alone. Both the compact size and compact price tag suggest that Apple is focused on capturing upgrades from those shoppers specifically.

We've Seen Deals on New iPhones Within Days

For the iPhone 4s, it was nearly a year before we saw any real sales. With the 5, deals appeared after about 7 months. The 5s smashed those timelines, and we saw prices slashed within 6 days of its release. It's quite possible that the SE could see similarly rapid savings, but don't expect those deals to come from Apple. Rather than preordering, you should keep an eye on other retailers for price cuts.

The iPhone SE is Due for Release on March 31

As announced, preorders for the iPhone SE begin this Thursday, on March 24. The smartphone is set to be released next week, on March 31, and will be shipping the same day. It's available in two sizes, 16GB for $399 and 64GB for $499, and in the four colors that seem to be becoming standard for Apple products: Silver, Space Gray, Gold, and Rose Gold.

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Readers, are you excited for the iPhone SE? Are you a fan of the smaller screen, or do you prefer the larger sizes of more recent models? Share your thoughts in the comments below!

This article first appeared in DealNews.