During Apple’s Monday event at its Cupertino, California, home base, the company unveiled the new iPhone SE. According to Apple Vice President Greg Joswiak, the new device will have an A9 computer chip—giving it double the performance of the 5S and roughly the same as the 6S. The SE will also feature battery life comparable to that of the 5S, and will include a 12-megapixel camera with 4K video and panorama capability up to 63 megapixels. The phone will cost $399 for the 16-gig model, and $499 for 64; and will be available for pre-order starting March 24, with an on-sale date seven days later.