Apple plans to release an iPhone SE 2 in early 2020 starting at $399, according to Apple analyst Ming-Chi Kuo, MacRumors reported on Monday.
The phone will run Apple’s latest A13 chip and come in 64 GB and 128 GB options with 3 GB of application RAM. It will come in Space Gray, Silver and Red. There won’t be any 3D Touch, just Haptic Touch.
The analyst said it will be a popular upgrade for existing iPhone 6 and iPhone 6S owners with the form factor of an iPhone 8.
Ming-Chi Kuo works as an analyst at TF International Securities, a financial services group, but his predictions are widely regarded as accurate. He said that Apple suppliers will produce 2 million to 4 million of the devices each month, with 30 million for all of 2020.
Apple apparently sees revenue potential with a low-cost model and earlier increased production of lower-cost iPhone 11s. The iPhone 11 line includes a basic model for $699, the iPhone 11 Pro for $999 and the iPhone 11 Pro Max for $1,099.
The first iPhone SE was introduced in March 2016 as a 4-inch phone with an A9 chip and a $349 starting price. It was discontinued in September 2018 and was replaced by the iPhone 7 for $449.