Apple's iPhone Xr is an affordable iPhone X

We more or less knew that Apple was going to unveil the iPhone Xs and Xs Max today, but few of us were expecting the iPhone Xr. Apple wants to reach as many people as it can, so it has to make an iPhone people can (or want to) afford. Instead of sticking to previous nomenclature and calling it the "iPhone XC", the company has finally updated its less-expensive (let's be real, it's not cheap) series. The iPhone Xr is the budget-friendlier alternative to the Xs flagships that will no doubt cost about $1,000. For the lower price, you'll have to make do with some compromises, like no dual-cameras, but at least you'll get some new features.

Where the iPhone Xs and Xs Max have Super Retina OLED displays that take up basically all of the front of each phone, the iPhone Xr has an LCD screen that Apple said is the "most advanced ever in a smartphone." The company is going as far as to call this a "Liquid Retina" display, because why not.

The iPhone Xr is made from aluminum and glass, and comes in white, black, blue, coral and yellow, much like the iPhone 5c did too. Like the iPhone Xs, the Xr will be IP68 water-resistant.

The iPhone Xr will be much more similar to the Xs than the numbered iPhones were. There is no longer a physical home button, and supports Tap To Wake. There's also a TrueDepth camera up front for Face ID authentication -- using the same sensor setup as the iPhone Xs and Xs Max, even. Perhaps the best feature of the Xr is that it uses the new A12 Bionic chip with powerful performance benefits.

This story is developing, please refresh for updates.

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