According to a Nikkei report, Apple plans to launch a lower-cost iPhone next spring to win customers in emerging markets and retake ground in China lost to Huawei Technologies and other rivals.
The new model would be Apple's first low-cost smartphone since the launch of the iPhone SE in 2016, which started at $399. Though the name and price of the new model hasn't been decided, it’s viewed as the latest generation of the iPhone SE, according to Nikkei.
Chances the rumor is true, according to the Sellers Research Group (that’s me): 90%. Apple needs a lower priced smartphone. I expect the “iPhone SE 2” to pack a bigger display (4.7 inches, up from 4 inches), an A12 processor, Face ID, plus 2GB of RAM. The smartphone will likely come in 64GB and 128GB storage options. Also, don’t expect it to have 5G.