Apple unveiled a new budget iPhone SE during its “Peek Performance” event on Tuesday (March 8). The new phone supports 5G and comes equipped with the A15 Bionic, the fastest CPU ever put in a smartphone.

Apple said that the new 4.7-inch phone is built for efficiency to boost battery life and supports fast charging using Qi-certified chargers.

The phone boasts a newly designed “12-megapixel ƒ/1.8 aperture Wide camera that offers incredible computational photography benefits, including Smart HDR 4, Photographic Styles, Deep Fusion, and Portrait mode.”

The iPhone SE will be available in 64GB, 128GB, and 256GB models starting at $429. It will be available in three colors, midnight, starlight, and (PRODUCT)RED.

Apple also unveiled an updated version of the iPad Air, the comes with the newly designed M1 chip that promises to “push the boundaries of creativity, productivity, and self-expression” while providing a battery that lasts the entire day. In addition, it features a front-facing Ultra Wide 12MP camera that automatically pans to keep users in the frame as they move around.

The new iPad Air will be available to order on Friday (March 11). Wi-Fi models will start at $599, while models that support 5G will retail for $749. The new iPad Air comes in space gray, starlight, pink, purple, and blue finishes.