Apple said Monday it plans to launch its first-ever iPhone in 2020, the first iPhone with a larger screen.

The phone will be called the iPhone SE and it will be available in “select” colors, the company said in a blog post.

The iPhone SE is expected to come with a 5.5-inch, Retina-HD display with a pixel density of 441 ppi.

The company said the new phone will have an edge-to-edge display and will be made by Foxconn.

Apple said the iPhone will be priced at $499, a 50 percent discount off the current $649 iPhone SE, which is available for pre-order now.

The post noted that Apple is also working on a smaller-screen iPhone with 5.2-inch screen, called the iPhones iPhone 5s.

The 5s is expected later this year.

Apple is still working on the next generation of the iPhone, but the company has said it will introduce the iPhone 5 in 2021.