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The iPhone SE Is The Smaller Model You've Been Waiting For

Apple debuted its new, smaller iPhone at its March 21 event.

If you've been holding on to your iPhone 5 model, waiting patiently for Apple to upgrade the specs of the phone — but leave the screen size alone — you're in luck.

Apple announced the iPhone SE at its Monday event. It packs a lot of power, but it's still missing 3D Touch.

Apple's calling it "the most powerful 4-inch phone ever." And that's mostly thanks to a processor upgrade. The new, smaller phone will have the same A9 chip that's in the iPhone 6s.

The iPhone SE will also have a 12-megapixel iSight camera, capable of shooting 4K video and taking live photos. And for selfie-takers, the phone will have an HD FaceTime camera with True Tone flash. 

Other upgrades to the smaller screen include Touch ID, better connectivity over Wi-Fi and LTE and "Hey Siri" support. 

So, if you want to, you can summon Siri with the sound of your voice on a smaller phone for a lesser price. The iPhone SE starts at $399 for 16GB of space and tops out at $499 for 64GB. Orders begin March 24, and the phone goes on sale March 31.

This video includes clips from Apple.

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