Apple CEO Tim Cook has announced plans to unveil a new product this week, and the tech world is abuzz with speculation about the upcoming iPhone SE 4. The new device is expected to feature a range of upgrades, including a 6.1-inch display, the same A18 chip that powers the iPhone 16, and Apple Intelligence, the company's AI-powered suite of tools. However, the price of the new iPhone SE 4 remains a mystery, with predictions suggesting it could be around $500, a significant increase from the current model's price of $429.

The iPhone SE 4 is expected to have the same form factor as the iPhone 14, ditching the home button and featuring a notch rather than the Dynamic Island aesthetic. The device will also come with FaceID and a USB-C cable, and its biggest selling point is expected to be the A18 chip, which will provide a significant boost to performance. The new chip will also enable Apple Intelligence, which includes features such as AI-summarized notifications, AI writing tools, and access to ChatGPT through a partnership with OpenAI.

Several tech news outlets have tossed out their guesses about the new iPhone SE 4, including the possibility of a new name, such as the iPhone 16E, to fit with the iPhone 16 series. This rumor is supported by Bloomberg's Mark Gurman, who believes the new device will be rebranded to fit with the iPhone 16 lineup. The iPhone 16E will reportedly have a single rear-facing camera, and the camera notch instead of the Dynamic Island, and will cost around $500, compared to the iPhone 16 which starts at $799. The price hike is expected to be due to the hardware and software upgrades, including the new in-house cellular modem, which could also lead to licensing fees from Qualcomm.

Here are some key points about the upcoming iPhone SE 4: * Expected to feature a 6.1-inch display * Powered by the A18 chip, the same as the iPhone 16 * Will have Apple Intelligence, including AI-summarized notifications and AI writing tools * Expected to cost around $500, a significant increase from the current model's price * Will have a single rear-facing camera and the camera notch instead of the Dynamic Island * May be rebranded as the iPhone 16E to fit with the iPhone 16 series * The launch event is scheduled for February 19, and will be a crucial moment for Apple, as it looks to re-enter the European market and boost sales in China and other price-sensitive markets.

The upcoming iPhone SE 4 is set to drop at a launch event on February 19, and will be a crucial moment for Apple, as it looks to re-enter the European market and boost sales in China and other price-sensitive markets. With the new device expected to sell over 20 million units in 2025, according to seasoned Apple analyst Ming-Chi Kuo, the company has a lot resting on the success of the iPhone SE 4. As the tech world waits with bated breath for the official confirmation, one thing is certain - the new iPhone SE 4 will be a significant upgrade to the current model, and will likely have a major impact on the budget phone market.