Apple Inc. AAPL, -0.68 %strategies to introduce a cheaper version of its iPhone in 2020, according to a Tuesday afternoon report based upon sources within the company’s supply chain. Bloomberg News reported during the extended session Tuesday that Apple providers prepare to begin putting together the phone in February, which Apple could announce the brand-new gadget as early as March. Apple released the iPhone SE, a lower-cost version of its smartphone, in a March 2016 event that was different from its larger iPhone occasion, which generally happens in September. Apple is expected to release new 5G-equipped iPhones later in 2020, which might increase the rate of those designs. Apple shares acquired about 0.2% in extended trading following the report’s release Tuesday, after closing with a 0.7% decline at $316.57.
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