Apple has bumped up the price of its cheapest iPhone, albeit only by £20, as the company has announced a handful of new products in its March event.

None of the new gadgets will be available in Russia however, with the company stopping all product sales in the country due to the invasion of Ukraine.

Apple’s share price is down by more than 10% over the last month amid a crash in technology stocks, although it was up by 2.3% in pre-market trading following the product launch.

A little less of a budget phone

The iPhone SE will now set consumers back at least £419 compared to £399 for last year’s model.

It comes with a slightly larger battery and Apple’s A15 Bionic chip, which is also present in all of the iPhone 13 range.

But unlike the other phones in the iPhone 13 range it has only a 7MP front camera, and the 12MP rear camera has a larger aperture too.

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However the iPhone SE will also support 5G connections in the sub-6 GHz range, meaning it should be good for the next few years as more mobile networks begin to use that part of the spectrum.

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But as the SE comes with the smallest smartphone screen Apple offers – measuring 4.7″ corner-to-corner, with resolution of just 1334 x 750 pixels – it may not be ideal for streaming movies.

What else did Apple release?

Alongside announcing the newest budget iPhone, the company also confirmed that Apple TV+ would begin showing Major League Baseball games on Friday nights in eight countries, including the UK.

Also announced was the new iPad Air 5, the company’s mid-range tablet, which is now made from recycled aluminium.

At the top end of the budget spectrum the company introduced the Mac Studio at £1,999, a new small desktop computer.

When powered by the M1 Ultra processor, which the company said gives it a 60% performance increase on the Mac Pro, that cost shoots up to £3,999.

Supporting it is a new external 5K monitor called the Studio Display, beginning at £1,499. The display comes with six speakers and spatial audio as well as a 12MP ultra-wide camera.

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