It’s official. Apple has finally unveiled the highly anticipated 4-inch iPhone SE. Now that the California firm has unravelled the wraps off of it, how big of a difference does it have as compared to the current generation iPhone 6s? Read on and find out.

Essentially, the iPhone SE is a 4-inch iPhone that features the hardware sheet of the iPhone 6s. Contrary to popular belief and the bevy of rumours that have been surfacing regarding that handset’s form factor, the iPhone SE features quite an uncanny design, much like the iPhone 5S instead of a miniature iPhone 6s. The changes aren’t only at face value, however.

The iPhone SE will feature the very same chip that comes with the iPhone 6S. It’s outfitted with Apple’s A9 processor, as well as an NFC chip to support the company’s mobile payment platform and future-proof your handset. On the display side, aside from the obvious change in its size, it will come with a lower resolution at 1136 x 640.

Apple equipped the iPhone SE with a 12MP primary camera that can also capture videos in 4K. However, it seems like the selfie camera has been downgraded to 1.2MP, which could also be the one from the iPhone 6. The battery of the iPhone SE is somewhat smaller at 1,642 mAh as compared to the iPhone 6s that comes with 1,715 mAh, but a smaller display and resolution won’t likely be a problem this time around.

However, it seems like Apple is going to reserve its Force Touch display to the likes of the iPhone 6s and the iPhone 6S, or even the upcoming flagships when they arrive.

The new iPhone SE also comes with a cheaper price tag as compared with both of the iPhone 6s and the iPhone 6s Plus. It comes with starting price of AU$526 (US$399), which would make it as an attractive purchase for those who still haven’t hopped aboard Apple’s train or those who are looking to upgrade from their iPhone 5s from the yesteryears. However, Life Hacker notes that local price in Australia starts at AU$679 for the 16GB device.