https://wccftech.com/iphone-12-to-start-from-649-with-oled-and-5g-120hz-display-only-on-pro-models/

As per the newest report from a reliable source, iPhone 12 will be priced starting from $649, for the 5.4-inch model with OLED display, 2 cameras, and 5G networking. Prices for other models are also included in the details, along with confirmation that 120Hz ProMotion display will be restricted to only iPhone 12 Pro models.

The source for this report is Jon Prosser, who was right on the money with his iPhone SE leaks. He confirmed with his sources regarding the prices and features for the iPhone 12 models. In a surprise move, Apple would be pricing the new base-model 5.4-inch iPhone 12 at $649, which is almost $50 cheaper than the current base-model iPhone 11. However, the direct successor to the current 6.1-inch iPhone 11, will is the 6.1-inch iPhone 12, which would start from $749, which will be a $50 increase in price compared to its predecessor, which costs $699 right now.