The new iPhone SE will likely be released this spring, around April. Some sources suggest that it may be called iPhone 16E. It will receive significant design changes, including a 6.1-inch OLED display, improved Face ID system, USB-C port and many other innovations.
Other improvements will include Apple Intelligence support across the entire Apple smartphone lineup. However, all these improvements will cause the cost of the device to increase, and it is said that the new iPhone SE will be at least $ 499.
Source: Ferra

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