Apple on Wednesday announced the 2nd generation of its iPhone SE, a smaller, more affordable iPhone for Apple customers. Pre-orders for the $399 iPhone SE will begin on Friday, April 17 with orders shipping on April 24.

The three goals of the iPhone SE have always been performance, affordability, and smaller size, Apple said. The company certainly nailed all three components with this 2nd generation model.

The iPhone SE is built to be more compact than its counterparts. When the iPhone SE was first introduced a few years back, a 4-inch screen was the most popular, but that has bumped up to a 4.7-inch Retina HD display in the 2nd generation model.

When you look at performance, you can’t argue with the power of the A13 Bionic chip—It powers the current line of Apple’s iPhone models. At $399, the iPhone SE is the most affordable model in Apple’s catalog but a large margin. That price is the same as the original iPhone SE released in 2016. Apple is also accepting trade-ins on the new model, so your price could be even cheaper.

iPhone SE comes with a 12-megapixel f/1.8 aperture Wide camera and includes Portrait mode, all six Portrait Lighting effects and Depth Control.

The new SE is also wireless-charging capable with Qi-certified chargers, and supports fast charging.

Another feature that a lot of users will like is the inclusion of a Home button and support for Touch ID. While new iPhones support Face ID, many users still favor the touch system in their iPhones.

The iPhone SE 2nd generation comes in Black, White and (PRODUCT)RED.

With the inclusion of high-end chips and cameras, and the affordable price, I can’t imagine why the iPhone SE 2nd generation would not be a huge seller for Apple this year.