Apple is reportedly preparing to launch an updated version of its lower-cost iPhone SE as soon as next week. The company plans to unveil the device via its website rather than hosting a high-profile event, Bloomberg reports. The move is part of a broader effort to revamp the SE lineup and attract new customers, particularly those who don’t already use an iPhone.
The update would mark a significant shift for Apple’s entry-level iPhone, which debuted in 2016. The new model, reportedly codenamed V59, is expected to introduce Apple’s first in-house cellular modem, replacing Qualcomm’s hardware, and add Face ID for the first time – finally removing the physical home button. It’s also likely to feature Apple’s A18 chip, which powers the iPhone 16, to better support the company’s new AI software, Apple Intelligence.
Read more: Why the iPhone SE 4 Could Be One of Apple’s Most Important Products of 2025
Bloomberg noted inventory levels for the current iPhone SE have decreased in stores, potentially hinting a product refresh may be imminent. Some versions are still available online, but others don’t ship until March.
A representative for Apple did not immediately respond to a request for comment.
Watch this: The iPhone SE Is Back! Apple Expected To Launch a New Version Soon
The update comes at a time when Apple recently reported a 1% dip in iPhone sales during the holiday quarter, failing to meet expectations. A more advanced yet still affordable iPhone SE could help Apple compete in key markets such as China and India, where budget-friendly smartphones with premium features continue to gain traction.
The iPhone SE currently starts at $429, significantly less than the $799 entry price for an iPhone 16.
Read more: Best iPhone in 2025: Here’s Which Apple Phone You Should Buy
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