The new iPhone SE starts at $399, while the iPhone XR starts at $599, both with 64GB of storage. Both devices are also available with 128GB of storage, but only the iPhone SE has a 256GB option.

The iPhone XR and 11 come in 64GB, 256GB and 512GB storage sizes and there's the same 64GB entry-level on the iPhone SE, with 128GB and 256GB as the other options.

The new 6.1-inch iPhone Xr sacrifices top-end material quality for cost—which seems like more than a fair bargain.