Apple To Unveil New IPhone At March 15 Event: Report

Apple Inc. will unveil a smaller-screen iPhone, a new iPad Air and new Apple Watch bands at a product event on March 15, according to a report in 9to5Mac. While Apple has historically kept new iPhone introductions to its flagship hardware event in September, the iPhone 5se would be a low-budget phone, possibly selling for $450, according to the report. Its four-inch screen would essentially replace the similarly-sized iPhone 5s, but with more up-to-date innards, such as an A9 chip. The company will also unveil the iPad Air 3 and provide updates to Apple Watch, according to 9to5Mac. Shares of Apple fell 1.2% to $95.28 amid a broad market selloff. The company did not immediately respond to a request for comment.