Apple has a budget iPhone in the form of SE series and so far, the company has launched two models in the market. The Cupertino-based technology giant is now expected to launch the third-generation model sometime next year.

Now, if the new report is to be believed, then the Apple iPhone SE 3 is set to soon enter the trial production phase. It is also being reported that multiple vendors are now preparing for the shipment of components for the upcoming iPhone SE model.

Apple iPhone SE (2020)
Apple iPhone SE (2020)

Based on the leaks so far, the upcoming Apple iPhone SE 3 is expected to come with a 4.7-inch Retina HD LCD display and will also feature a Home button with a fingerprint sensor embedded. It is likely to be the last Apple smartphone to come packed with an LCD display panel and a home button.

The device is expected to come powered by the Apple A15 processor along with 3GB of RAM while the Plus variant will pack 4GB of RAM. The chipset also brings support for 5G connectivity to the phone. There will still be a 12-megapixel single camera sensor on the back with improved photography features.

In its recent estimate, J.P. Morgan says that this new iPhone SE could lure nearly 1.4 billion low to mid-range Android phone users and about 300 million older iPhone model users. It has raised estimates for fiscal 2022 iPhone SE sales to 30 million units and annual iPhone shipments expectations to 250 million units, which is 10 million higher than this year.

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