To all the tech savvy, gadget-freaks out there, gear yourselves up as 2018 has some really interesting stuff in store for you. Well, as per the reports by China Economic News Service that cites supply chain sources, Apple plans to launch an updated version of its smaller iPhone SE early next year.

Undoubtedly, the iPhone X and iPhone 8 might be some of the best handsets on the market, but the fact remains that they are also pretty pricey and out of the reach of a majority of the user base. Also, people might have forgotten but Apple also offers a smaller, lower-cost device, called the iPhone SE.

This SE has gone a few years now without an update, but now the fresh reports indicate that Apple is finally working on an update to the device. Tentatively termed as the iPhone SE 2, the device is rumored to keep the 4-inch design on the original SE but will get an upgrade to the latest Apple processor, and possibly will also get a few camera upgrades.

Though not confirmed, this SE 2 would hit the market somewhere between the first quarter of 2018, i.e. from January to March. Further, reports have also suggested that this would cost something around $450 which is the same price of the original SE when it was launched. Since then, it has been discounted to $350.

Specs and features:

Another report suggests that the phone will come with Apple’s A10 Fusion chip, 2GB of RAM, and options for either 32GB or 128GB of storage. The rear-facing camera will reportedly come in at 12-megapixels, while the front-facing camera will sit in at 5-megapixels.

Lastly, while the current iteration of the iPhone SE hasn’t really gotten a true upgrade since its launch, it would get a storage bump to 64GB or 128GB, up from 32GB or 64GB, somewhere in March.