The new device is expected to ship with Apple Intelligence and Face ID. It's unclear if Apple will stick with the $429 price tag, though.

Based solely on the rumors about what's changing with this particular model, the iPhone SE 4 sounds like a pretty big deal. On the hardware side alone, Apple is likely to ditch the dated iPhone 8-era design in favor of more modern iPhone 14 -esque look, with an edge-to-edge screen interrupted only by a notch.