The third iteration of the iPhone is expected to be released in March. The new version of Apple's best-priced phone is expected to have the same design as its predecessor, but it is likely to feature a more powerful chip and 5G connections.

In keeping with Apple's usual approach to pricing, we can expect the new iPhone SE to retail for the same price as the current unit.

If Apple decides to keep the current model of the device in its lineup, it is possible that the price of the current model will go up.

Mark Gurman, a respected Apple Insider, suggested on Sunday that the tech giant may take the opportunity to drop the price of the current iPhone SE to just $199, a move that could make it popular in emerging markets like Africa, South America, and parts of Asia. If shoppers in established markets are after a budget-priced Apple phone, they could take notice.

The launch of the new SE is a great opportunity to make a change, and Gurman has not received any tip-offs from his sources about a potential price drop.

Retaining the current model and offering it with an attractive price tag would help to bring more people into Apple, possibly leading them to purchase other Apple products or services over time.

The iPhone SE is an attractive option for customers looking for a powerful Apple phone that does the basics, and then some.

We don't have long to wait to find out what Apple does with the existing model, as the tech firm is expected to announce a number of new products in the coming weeks. Stay informed.

Editors' Recommendations