Apple is planning to release another iPhone that costs less than $1,000 this year. Here's what we know about it.

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A dual camera

A dual camera

Apple's next-generation iPhone XR will get a dual-camera setup similar to the one found on the current iPhone XS and iPhone XS Max, according to reports from Bloomberg and The Wall Street Journal. That will likely make it better at zooming and capturing photos in Portrait Mode.

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A 6.1-inch LCD screen

A 6.1-inch LCD screen

The next-generation iPhone XR may be catching up to its pricier siblings when it comes to camera quality.

But it sounds like the new XR will still have an LCD screen just like this year's model, according to the Journal and reports from TF International Securities analyst Ming-Chi Kuo obtained by 9to5Mac.

Apple's pricier iPhone XS and XS Max feature OLED screens, which generally offer better contrast and deeper blacks than LCD panels. Those who want an iPhone XR with an OLED screen will likely have to wait until 2020, as Kuo also recently predicted.

Otherwise, the new XR's screen will measure 6.1 inches diagonally according to Kuo, making it the same size as the current model.

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New color options

New color options

The iPhone XR already comes in a wide range of colors, but Apple will reportedly introduce new options including lavender and green this year.

It looks like the next-generation iPhone XR will come in softer pastel-like colors compared to the bright and bold offerings currently available, according to a photo that Bloomberg's Mark Gurman posted to Twitter that reportedly shows the upcoming color options. Japanese blog Mac Otakara first reported on the new color choices.

And here’s what appear to be your next-generation iPhone XR colors (lavender purple and green instead of blue and coral) as @idanbo reported earlier this week: https://t.co/KQQ6JKmZg9 pic.twitter.com/7k3WZC2ZUi

— Mark Gurman (@markgurman) May 14, 2019

A battery that's slightly bigger

A battery that's slightly bigger

Apple will bump up the battery size for its 2019 iPhones to accommodate for new feature that will make it possible to charge other devices using your iPhone, according to a note from Kuo that 9to5Mac obtained.

But while the iPhone XS and XS Max successors are expected to get fairly noticeable increases in battery size, the next iPhone XR's battery will only be up to 5% larger.

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Other features that are coming to the new iPhone XS and iPhone XS Max

Other features that are coming to the new iPhone XS and iPhone XS Max

The next iPhone XR is expected to get other miscellaneous new features that are rumored to appear on the successors to the iPhone XS and iPhone XS Max, too. These include a new processor, an improved Face ID camera, a sharper 12-megapixel selfie camera, and support for bilateral wireless charging — the aforementioned feature that lets you charge other gadgets with your iPhone.