Don't get too excited: Apple has a very loose interpretation of the phrase "dirt cheap."

So you are ready to buy a new iPhone, but before you do, you have to take out a loan and sign over your first-born (and possibly the subsequent born), refinance your mortgage, light a fire, and circle an oak tree like five times to get your hands on a relatively new one. Then the salesperson dares to ask if you want to add insurance on to the bill. Sound familiar?

dirt cheap iphone

Well, Apple may have a cheaper solution for those of us who don't need all the bells and whistles of the iPhone 5,000+ Ultra-Strength Infinity (Apple, call me for the naming rights). A leaked investor note from Apple analyst Ming-Chi Kuo, and made public first by MacRumors.com, lays out plans for a more affordable iPhone for the masses, the iPhone SE 2. This will be an official follow up to the iPhone SE, and is possibly aimed at getting people who stopped with the iPhone 6 (which is still the most used iPhone to date) to upgrade. According to the investor note, the launch date is sometime in the spring of 2020, likely March. 

Apple's sales are down significantly, 30 percent in the first quarter of 2019 alone, so this new model could be in response to users who are tired of paying an arm and a leg for a mobile phone.

And what will this "dirt cheap" phone cost us? Just a measly $399 at the least. So ... I might not call it dirt cheap myself, but there is no doubt that it is cheaper than what is currently on the market.

dirt cheap iphone

Dirt Cheap? 

Of course, there has been no confirmation from Apple on this, but the phone is thought to look a lot like the iPhone 8, with a 4.7" screen and a home button. It will likely have a single camera.

"It will have an A13 CPU, 3GB of RAM and 64/128GB of storage. Just like Apple's new iPhone 11, it won't have 3D Touch. Kuo previously said the device will come in space gray, silver, and red colors," according to Mashable.com.

If this comes to fruition, it will be the cheapest and smallest iPhone to roll out in quite a few years. 

What do you think? Is $399 a price you'd be willing to pay? Let us know in the comments below.