Apple fans could buy a new iPhone for just £160 – here's why

With its flagship devices starting at £539, Apple fans need deep pockets to own the latest handsets.

However, it seems owning an iPhone could finally become affordable and it's all down to Apple's next major launch.

The US tech firm looks likely to unveil a new device called the iPhone SE and experts believe it will mean the older iPhone 5s will get a massive price cut.

In fact, Ming-Chi Kuo of KGI Securities reckons the iPhone 5s price could tumble to just $225 (£160).

If he's right this will make it the cheapest iPhone ever with the current lowest price starting at £379.

Rumours are suggesting the new iPhone SE will be revealed at an event on March 21st and will bring top-end specs to a smaller screen.

Similar to the iPhone 5s, the new device could feature a 4-inch display but have all the bells and whistles of the iPhone 6s.

Other features could include a 12 megapixel camera, A9 processor and 3D Touch display.

It's thought the phone will hit stores towards the end of March with a price of around £400.

(dailystar.co.uk)