Longtime analyst Ming-Chi Kuo reports that Apple may cancel or postpone production of the iPhone SE4 until 2024.
Kuo reports that the reason for the postponement is Sales of entry-level and mid-range smartphones were not as expected, including the iPhone SE 3, iPhone 13 mini and iPhone 14 Plus.
Plus, the iPhone SE 4’s full-screen design drives up production costs. The selling price has also increased, so Apple has to reconsider product positioning and return on investment. Including reducing unnecessary product development costs. This will be challenging in the global economic recession in 2023.
Several sources have reported that Apple is working on a new iPhone SE that will be released in 2024. It will have a design similar to the iPhone XR, with a 6.1-inch full-screen display with a notch at the top, presumably with an LED screen. OLED screen, but changed from Face ID to Touch ID, embedded in the Power button instead
The main reason was that the 5.4-inch iPhone SE 3, as well as the smaller iPhone 12 and iPhone 13 models, failed to meet sales targets, and even the large-screen, affordable iPhone 14 Plus received poor response. Because people turned to buy the pro instead, which caused Apple to focus on the flagship models in 2023 and 2024 instead, causing the production of low-cost iPhones to be suspended.
Source https://www.macrumors.com/2022/12/20/apple-to-cancel-or-postpone-iphone-se-4/