Apple Inc. AAPL is likely to “cancel or postpone” the mass production plans for its fourth-generation iPhone SE model — and many factors are in play here.
What Happened: Sharing a recent survey result on Twitter, Apple analyst Ming-Chi Kuo said that the tech giant might need to reconsider its product positioning and return on investment for the iPhone SE 4.
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He stated that the full-screen design of the iPhone SE 4 would lead to an increase in higher costs and selling prices, and given the consistently lower-than-expected shipments of mid-to-low-end iPhones, Apple might rethink mass producing the 2024 iPhone SE 4.
Kuo further suggested that reducing “unnecessary new product development expenses” will help the Cupertino-based tech giant navigate the challenges of the global economic recession in 2023.
Why It’s Important: Earlier this month, it was reported that while companies like Meta Platforms Inc have declined as much as 70%, Apple has hardly hit bear market territory from its all-time high.
iPhone SE 4 is expected to feature a 6.1-inch LCD display along with a “notch” cutout on the screen. The iPhone might not include Face ID but will likely have Touch ID like the earlier models to save money.
The iPhone SE series is Apple’s entry-level product range and is considered the most inexpensive of iPhones.
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Image and article originally from www.benzinga.com. Read the original article here.