“Apple Inc prepares to launch an upgrade of the very famous Apple iPhone 5S with smarter features and a smaller display than 6S.”

After the world have gotten to see the Apple-Hermѐs Smart watch launch in the preceding week, here is another, rather dangerous gamble that is going to be played by the top contender of the smart phone industry; Apple prepares to launch the iPhone 5SE around midyear 2016, which is speculated to be the budget version of iPhone and a successor of the iPhone 5.

Usually the launch cycle of Apple revolves around the September-October time period but according to a popular news media for apple, this time the company will launch the budget iPhone in the second quarter of this year. The iPhone 5se will although borrow the design of iPhone 5S but with little moderation. It will also borrow features like that of curved edges and live photos from the latest iPhone 6s.

The name 5SE is chosen by the employees of Apple Inc, as the “SE” stands for Special Edition and 5SE is definitely one, as it’s the successor of an older iPhone and is coming with an upgraded blend of features from the newest one. Here are the features that are speculated to be incorporated in the new iPhone 5SE:

• Design of iPhone 5s with curves of iPhone 6 and newer versions
• 8 megapixel rear camera and 1.2 megapixel font camera for selfie
• Auto-focus for video recording and support for larger panoramas
• NFC chip for Apple Pay
• Blue tooth and WiFi enabled
• A8 and M8 chips
• Live photos
• 4 inch display screen

The color options are similar to its predecessors; Gold, Silver, Rose gold and Gray. The initial price is set to be $450, which is the price point for 5S whereas the 5S will probably be offered on a discounted price. On one hand where the news has created waves in the groups of 5S fans, it has also gotten all the iPhone app development companies rolling as they plan to create apps for the new devise.