The iPhone 12 is the successor to the iPhone 11, launching at $799 with 5G built-in, but if that's too much for you and want an iPhone of a similar size, the 11 is now getting cheaper.
Specifically, you can get it for just $599. Not just that, but the iPhone XR from two years ago is also still on sale, and will go for $499. This way, Apple has a pretty full stable of products starting at $399 with the new iPhone SE, and going up in $100 increments - until you reach the $200 gap between the iPhone 12 and iPhone 12 Pro, that is.
Obviously this pricing is valid for the US only. Across the big pond, the iPhone 11 is £599 in the UK, €661 in Germany, €689 in France and Spain, and €719 in Italy.
The iPhone XR, on the other hand, goes for £499 in the UK, €564 in Germany, €589 in France and Spain, and €619 in Italy. In India, the iPhone 11 starts at INR 54,900, while the iPhone XR starts at INR 47,900.
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They have dropped the prices officially. The online apple store lists the iPhone 11 at 54000 INR now!