The third-generation iPhone SE launched in 2022.
The analysts said the upcoming version will feature Apple’s first custom-made 5G modem.
Additionally, the gear is expected to replace Touch ID with Face ID.
Apple didn’t respond to a request for comment.
Over the years, the company has steadily upgraded its iPhone SE line with more-advanced features.
Apple reportedly has been working on this modem for years in an effort to reduce reliance on Qualcomm.
Apple recently extended its agreement with Qualcomm for 5G modems through 2026.