A new leak suggests Apple's next budget-friendly phone should be a big-time upgrade at an unbeatable price. Here's why.

And that's for the 64GB model – it's possible that the new iPhone SE 4 will start with 128GB of storage inside. An iPhone SE (2022) with 128GB of storage inside costs $479 / £469 / AU$799, which is perhaps a fairer comparison with the latest price leak, and would mean a much smaller price bump.

According to reports, Apple intends to switch to its 5G modem with the iPhone SE 4, allowing the company to keep the price sub-$500. It's not just cost-cutting; Apple's use of its own hardware would enable the company to optimize its devices for maximum performance and battery life, as it did with Apple Silicon.

It will be higher, but not by a lot. Next year Apple will finally refresh the iPhone SE, and we've been hearing a lot about it lately - including the

Phone SE 4 launching in a couple of months and it has become one of the most debatable smartphones due to its expected upgrades and new features. People are now quite curious about what Apple has planned for its affordable iPhone and how much it will cost to justify the upgrades.

A new report claims that Apple's expected iPhone SE 4 will remain the lowest-cost model, but its price could rise anywhere up to $500.