In a note to clients — as noted by MacRumors — analyst Ming-Chi Kuo says that Apple will release a lower-priced iPhone SE 2 (though it probably won’t be called that) in the first quarter of 2020 for $399.
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He predicts its specs will include: an A13 CPU; 3GB of RAM; 64GB and 128GB options; and no 3D Touch feature. Kuo prognostics that the phone will come in silver space grey, and red options.
The analyst feels that Apple has told suppliers to produce between 2-4 million iPhone SE 2 units each month. He expects Apple to sell in excess of 30 million iPhone SE 2 phones across 2020.