A budget iPhone is rumored to arrive later this year, with all the hype surrounding it being the iPhone SE 4. Earlier, a leak spilled the alleged specifications of the alleged iPhone SE 4. Now, according to a new report, Apple’s wallet-friendly offering, the iPhone SE 4, could debut in 2025.

at him Power On newsletter, Bloomberg’s Mark Gorman says Apple is considering launching the iPhone SE 4 with an upgraded design. It should be noted that the iPhone SE 3 comes with an outdated design. It has a thick chin with a home button (still!) and an old processor.

Now, according to Gorman, Apple could upgrade the SE lineup with the iPhone SE 4, and don’t be surprised to see a design of all screens similar to modern iPhones. Mark Gorman says, “Apple plans to upgrade the SE, moving to an all-screen design that makes the device look more like a modern smartphone.”

However, Gorman notes that the price of the iPhone SE 4 will go up to $400, all thanks to the new premium design materials and a faster chip. The report also suggests that “since the original iPhone went on sale, there have been calls for a less expensive model. But it’s not something Apple has aggressively pursued.”

Apple tried it in 2016 with the iPhone SE but failed. And by the looks of it, the iPhone SE 4, with a price tag of over $400, doesn’t seem like a device that will break into a market currently dominated by wallet-friendly smartphones.

Gorman noted that if Apple wants to take some of the budget-friendly market, “it needs to develop an iPhone more in the $250 range. Now, that’s not something Steve Jobs would probably do, but downscaling could be what the company needs right now.”

Mark Gorman also shares that Apple will launch the iPhone SE 4 in 2025, which is in line with previous reports. Previous leaks have suggested that the iPhone SE 4 will come with glass on the front and back, and will look like the iPhone 13 on the front with Face ID, and on the back the device will resemble the iPhone XR with a single camera.

It is also rumored to sport a 6.1-inch 60Hz OLED display and will be made of aluminum alloy 7000. The phone is rumored to be powered by an A16 Bionic SoC and could pack a number of AI features up its photography sleeves.