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Apple announces low-cost iPhone SE with 5G, faster chip for new Mac Studio

The new iPad Air also features a 12-megapixel front camera

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Shares of Apple turned negative during the product launch and were down a few cents per share after about an hour

Reuters New York
Apple Inc on Tuesday added 5G connectivity to its low-cost iPhone SE and iPad Air and introduced a high-performance chip for its new Mac Studio, a desktop aimed at creative professionals.

Apple slightly hiked the price on the iPhone SE to $429 from $399 for the previous model. The new phone starts shipping March 18.

The iPhone SE comes with an A15 Bionic chip, which Apple says is the fastest among competition, a 4.7-inch retina display and a home button with touch ID.

"This is important for our existing users who want a smaller iPhone at a great value," Chief Executive Tim Cook

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