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Apple iPhone SE 2 coming by July, report claims

China Economic Daily is reporting that Apple will release an upgraded smaller, cheaper iPhone by the middle of next year.

New iPhone SE next year? Why not?

Sarah Tew/CNET

In case you forgot, Apple still has a smaller iPhone in its lineup, the iPhone SE. It was last refreshed in March of this year with new memory configurations, but it's due to get a processor bump and possibly some upgrades to its camera.

China Economic Daily reports a new SE 2 with the same 4-inch screen is coming by July of 2018 and will cost about $450, which is what the SE originally cost when it was first released. The current iPhone SE starts at $349.

We take all these rumors with a grain of salt -- and Apple doesn't comment on them -- but it wouldn't be surprising to see a new SE next year that would not only appeal to people who like a smaller form-factor phones but has a lower price that plays better in emerging markets.