iPhone 12 expected to launch in the fall.<br />Business Insider reports that this is the worst time to purchase a new iPhone.<br />Insider said buyers should wait for the newest model that's expected to come with 5G support and the latest Apple processor.<br />Some consumers don't care about having the latest iPhone.<br />Apple typically discounts certain older models when introducing new ones.<br />Consumers in need of a cheaper iPhone can pick up an iPhone SE for $399.