The iPhone SE 4 sounds like an incredible upgrade, but how much will it cost? According to one new report, not nearly as much as we feared.The Latest Tech News, Delivered to Your Inbox

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.

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.

Japanese sources believe the iPhone SE 4's price will not exceed $500, and I hope that's the kind of exciting leak that comes true.

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.

The price leak comes just as Apple fans were beginning to wonder whether the SE model would see a significant price bump or if it would remain relatively affordable.

The iPhone SE 4 is speculated to be released in March 2025. A recent leak suggests that the toned-down version might be more expensive than its predecessor, the iPhone SE 3.

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