Apple’s next iPhone SE might be announced “as early as next week” ahead of it being on sale later in February, Bloomberg reports. The new phone has already seemingly appeared in photos and video and Bloomberg says Apple’s inventory of the current iPhone SE has started running low, which all could point to an imminent launch.

Apple Inc. plans to unveil a long-anticipated overhaul of the iPhone SE in the coming days, a move that will modernize its lower-cost model in a bid to spur growth and entice consumers to switch from other brands.

Apple has been rumored to be working on a next-generation iPhone SE for quite some time. We expect the fourth-generation, more affordable iPhone to arrive sometime in 2025, potentially in the spring, around March or April.

The latest iPhone update is iOS 18.3, released last week. But now, out of nowhere, a surprise new version has appeared—but it’s not for everyone.