Good news, Apple loyalists: You won’t have to burn $1,000 on your next iPhone. That’s because for about $750, you can have the iPhone XR, which is just as fast and nearly as capable as its more expensive counterparts.

The cheaper iPhone, which becomes available this Friday, is the model that most people should buy. This year’s other iPhones — namely the XS and XS Max devices, which cost about $1,000 and $1,100 and are already in stores — are luxury devices better suited for enthusiasts willing to spend a premium for superior cameras or a jumbo screen.

For everyone else, the XR is perfectly adequate and has few downsides. Its 6.1-inch screen, which is based on LCD, an older display technology, looks ever so slightly inferior to the OLED screens on the XS phones — but you would need to be a movie buff to notice the difference.

The XR’s single-lens camera is also less capable than the dual-lens cameras on the XS models. Yet the XR can still produce very satisfying photos of people using portrait mode, also known as the bokeh effect, which puts the picture’s main subject in sharp focus while gently blurring the background.