Apple's iPhone SE is set to enter a crowded and highly competitive market. Will the new design match the smartphones it hopes to outsell?

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.

A new iPhone in February? Apple could release a new version of the iPhone SE as early as next week, according to Bloomberg's Mark Gurman. Rumors suggest the new iPhone SE will inherit the iPhone 14's design,

The iPhone SE has always been something of an outlier in the Apple line up. Sticking rigidly to an older design, the budget phone carries an air of nostalgia, particularly for a time when phones didn't require at least three hands to hold.