The "budget" iPhone X that might be introduced on September 12th

Is it fair to call something a "budget" phone if the costs are supposed to be around the $699 - $849? For Apple, I guess it is.

Do you think this is budget-friendly enough to help them reach new customers or hold onto their current customers who might be unhappy with how expensive the other iPhones will be?

I read elsewhere that they've been having manufacturing delays, so there won't be many available at first. This seems a little convenient to me. I tend to expect the worst from people though.