Pre-orders for the iPhone SE 2020 have officially begun, and Walmart is offering the iPhone SE 2020 at the most affordable price.

Walmart is currently selling the iPhone SE 2020 for $199. This is a whopping $200 off and is the best iPhone SE 2020 discount we have seen. To take advantage of this sale, you must have an activation and installment plan with AT&T, Sprint, or Verizon. (To take advantage of this offer, you must select a model tied to your carrier of choice, such as AT&T or Verizon. (Inventory is currently low). This is likely the best iPhone SE deal we'll see for a while (at least until Amazon Prime Day).

Alternatively, Xfinity Mobile is selling the iPhone SE 2020 for $199. The carrier is offering a $200 discount on all other iPhone SE storage capacities/models.

The new iPhone SE 2020 has a faster A13 Bionic chip, a 4.7-inch Retina display, Touch ID sensor, and wireless charging. It is the least expensive iPhone in Apple's lineup and one of the best inexpensive phones we are likely to see this year.

That said, there are a few compromises Apple had to make to reach this price point. First, it does not support Face ID, a feature that is standard on all new iPhones. Additionally, the new iPhone SE 2020 has only one camera on the front and one on the back. Fortunately, the cameras can get a boost for taking portraits, thanks to Apple's machine learning tricks. Despite these few limitations, the new iPhone SE is an excellent phone if you don't need cutting-edge horsepower.

Walmart's iPhone SE 2020 promotion is valid through July 17 or while supplies last. Pre-order now in case inventory runs out.