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Apple unveils less expensive iPhone

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Apple announced a less expensive iPhone that costs $399.

The new, second-generation iPhone SE has the same name as the phone that launched in 2016.

CNBC reports the phone has many components similar to the more expensive iPhone 11 and iPhone 11 Pro, but they are housed in a body that's practically identical to 2017's iPhone 8.

Read more from CNBC.

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