The new cheaper iPhone will be produced from February, so that it may already be announced in March.
The design of the new phone is similar to the iPhone 8 with a 4.7-inch screen, with newer hardware on the inside.
The new iPhone would use the fingerprint scanner from earlier iPhones, which is again embedded in the home button. The Face ID of recent iPhones face recognition may not be in the device.
It is the first time since the iPhone SE that Apple has introduced a cheaper version. Rumours have been pointing for a while to the arrival of the new device, which appears to be almost confirmed with the recent message: Bloomberg is often right in Apple rumours. The often reliable analyst Ming-chi Kuo previously predicted that the budget iPhone would be released in the spring.