The "affordable" iPhone is real.

Apple has just announced the iPhone XR, a 6.1-inch smartphone with a notch-adorned LCD screen.

Compared to the freshly announced iPhone XS and iPhone XS Max, the iPhone XR is both similar and very different.

It has the same A12 Bionic chip and the same TrueDepth camera with Face ID. It runs the same operating system: Apple's iOS 12.

But many things aren't the same. The iPhone XR has a "Liquid Retina" screen with a 1,792x828 pixel resolution and 1.4 million pixels -- the XS models get "Super Retina" screen with higher resolution. It, too, has a notch on top, making the iPhone XR very similar, visually, to its more expensive brethren.

It's also resistant to dust and water, but only up to IP67 specifications -- the XS models get IP68 specs. The case is made out of glass and aluminum (compared to stainless steel on the XS variants).

The iPhone XR only has a single 12-megapixel, f/1.8 aperture, wide-angle lens camera on the back (you can do bokeh on it, though). The selfie camera is a 7-megapixel one.

In some areas, the XR offers more than the XS models; for example, it's available in a total of six colors: white, black, blue, yellow, coral and (PRODUCT)RED.

As for battery life, Apple claims the iPhone XR will have an hour and a half more battery life than the iPhone 8 Plus.

The iPhone XR will be available with 64GB, 128GB, 256GB of storage memory, with prices being $749, $799 and $899, respectively. Pre-orders start on October 19, and it will start shipping on October 26. It will be available in more than 50 countries at launch.

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