iPhone SE & iPhone 6s
iPhone SE vs Apple's iPhone 6s. Apple/Screenshot

Today during Apple's first media event of 2016 the company revealed the rumored 4-inch smartphone, the iPhone SE.

The device features the body of the iPhone 5 and 5s, while upgrading its processing performance to that of the iPhone 6s. Furthermore, the iPhone SE will have LTE up to 150mps, which is three times faster than the 5s.

iPhone SE
IN PHOTO: Apple Vice President Greg Joswiak introduces the iPhone SE during an event at the Apple headquarters in Cupertino, California. REUTERS

The iPhone SE will come in four colors including: Silver, Space Gray, Rose Gold and Gold. A 16GB SE will start at $399, while a 64GB will cost you $499. Preorders begin on Thursday March 24, with the phone releasing the following Thursday March 31. It'll launch in 110 countries by the end of May.

The devices specs line up almost exactly with the current-gen iPhone 6s and 6s Plus. Check out the comparison chart below courtesy of IGN:

Comparison Chart
iPhone SE iPhone 6s Comparison Chart. IGN/Screenshot
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