CALIFORNIA - Apple unveiled its newest iPhone Monday at an event at the company’s headquarters in Cupertino.

The newest smart phone from Apple is called the iPhone SE and is smaller than the iPhone 5S and 6S.

The new phone is 4 inches and will have an A9 chip equal to the iPhone 6S and double the performance of the iPhone 5S. It will also feature better battery performance compared to the 5S, include a 12-megapixel iSight camera, True Tone Flash and panorama pictures up to 63 megapixels.

The new phone can also capture 4k video and has improved wireless capabilities.

The iPhone SE will start at $399 for the 16 GB and $499 for the 64 GB model. Pre-orders start Mar. 24 and will be available Mar. 31.

According to Tim Cook, Apple CEO, the company sold more than 30 million 4-inch screen iPhones last year.