Despite using only a single 12-megapixel wide angle camera on the rear, the iPhone Xr is capable of capturing pictures with artificial bokeh for soft backgrounds. Like the iPhone Xs, you'll also find smart HDR here, and you'll be able to adjust the depth of field after you've taken your picture too.

The iPhone Xr is made from aluminum and glass and comes in white, black, blue, coral and yellow, much like the iPhone 5c did too. Like the iPhone Xs, the Xr will be water-resistant, though at a lower IP67 rating. The Xr will also support dual SIM, with one physical card slot and a digital eSIM.

The iPhone Xr will be much more similar to the Xs than the numbered iPhones were. There is no longer a physical home button, and the screen supports gestures like Tap To Wake and swipe up to the home screen. There's also a TrueDepth camera up front for Face ID authentication -- using the same sensor setup as the iPhone Xs and Xs Max, even. Perhaps the best feature of the Xr is that it uses the new A12 Bionic chip with powerful performance benefits. Like the iPhone Xs Max, the Xr is supposed to last about an hour and a half longer than its predecessor. In this case, that's the iPhone 8 Plus (compared to the iPhone X for the Xs Max).

You can pre-order the iPhone Xr on October 19th, with shipments beginning on October 26th, and it will come in six finishes and three sizes. It will start at $749 (£749), which is by no means affordable, but it is $250 cheaper than the iPhone X. If you've been waiting to get a notched, all-screen iPhone without spending a grand, this is probably an easier price to swallow. But if you were hoping for the dual cameras, you might be better off getting the iPhone Xs or even the iPhone 8 Plus instead.

Follow all the latest news from Apple's 2018 iPhone event here!

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Editor: Kyle Maack