Apple has released a new iPhone model, incorporating its newest, fastest chip.

The new iPhone SE sports a 4.7-inch screen. Apple describes the SE as packing “our most powerful chip into our most popular size at our most affordable price. It’s just what you’ve been waiting for.” The chip in question, the A13 Bionic is the same chip powering the larger iPhone 11 and iPhone 11 Pro models.

The new models come in 64, 128 and 256GB configurations. Notably, especially for those not sold on Face ID, the iPhone SE has Touch ID instead. The phone also includes a 12MP camera, with a 7MP front-facing camera.

“The first iPhone SE was a hit with many customers who loved its unique combination of small size, high-end performance and affordable price; the new second-generation iPhone SE builds on that great idea and improves on it in every way — including our best-ever single-camera system for great photos and videos — while still being very affordable,” said Phil Schiller, Apple’s senior vice president of Worldwide Marketing. “iPhone SE features the industry-leading performance of A13 Bionic that enables great battery life, takes stunning Portrait mode and Smart HDR photos, shoots amazing videos with stereo audio, is great for games and super fast web surfing, and is built with the same industry-leading security features our customers expect. We can’t wait to get iPhone SE into customers’ hands.”

Overall, the iPhone SE is a solid phone at a reasonable price. Give the uncertain economic times, it represents a good option for individuals who need to upgrade but don’t want to pay the price of the iPhone 11 or 11 Pro. Starting at $399, the SE gives people the features they need and want the most, in the most pocketable size available.