Apple announces the new iPhone SE for 2020

Apple has officially announced the new iPhone SE, a lower-cost iPhone that starts at $449.
The new phone is essentially an iPhone 8 with a better camera and processor. The upgraded camera is a single 12-megapixel lens on the back and the processor is Apple's A13 Bionic chip, the same that's available in the latest iPhone 11 and 11 Pro models.
The upgraded camera can do "cinematic" stabilization and support 4K video at 60fps, while Apple says the A13 will improve the phone's Smart HDR photography.
There will be a 128GB model offered for $449 and a 256GB model for $549. Like other iPhones, it will come with a free year of Apple TV Plus. It will be available in black, white, and Product Red.
Apple has begun taking preorder on April 17th and will start shipping this Friday.