The rumor: Apple is already working on a fourth-generation lower-cost iPhone, according to Ming-Chi Kuo (75.9% accurate).

  • In the new note obtained by AppleTrack, Kuo describes an ‘iPhone SE 4’ model set to launch in 2023, with a screen larger than the current 4.7-inch version and 4GB RAM
  • Apple is rumored to launch a minor iPhone SE 3 update in the first half of 2022 with a faster processor and 5G

Our take: More and more, next year’s iPhone SE is sounding like a placeholder update that will buy Apple some time to release a more significant SE in 2023. While I’m still perplexed as to how Apple is going to pack 5G into this tiny 4.7-inch phone, I’m glad the device will at least be getting some attention for the next two years in a row.