Apple made the iPhone SE official bringing back the 4inch iPhone. This will be there somewhat cheaper option for Apple fans across the world. The SE is a 6S on the inside and a 5 on the outside as its now their most powerful 4inch smartphone. Not sure why that would be an actual thing these days but whatever.
The iPhone SE is just as powerful as the iPhone 6S. Inside lies a 64-bit A9 CPU + M9 motion coprocessor, running iOS 9.3 w/ Hey Siri support, sporting a 12MP iSight camera w/ a 2-tone flash + Live Photos, 4K video support, Retina flash in the front, and no 3D Touch support as said before.
The new iPhone SE pricing starts at $399 w/ 16GB of storage and ends at $499 w/ 64GB of storage. Apple installment plans start at $17 per month BTW. Pre-orders kick off later this week on March 24th and will be available on March 31st.