The reputable analyst hopes it to have the same A13 chip that powers iPhone 11. Apple may be continuing to work on an iPhone 11 version that is smaller and cheaper for 2020.

Ming-Chi Kuo, TF International Securities Analyst with a strong track record of accurate Apple predictions, hopes the company to launch the so-called iPhone SE2 early next year. It would add the LPDDR4X ram A13 chip and 3 GB to an iPhone 8 form factor.

Kuo indicated in an analyst report that the iPhone SE2 would maintain the 4.7-inch screen of the iPhone 8, according to CNBC. The size of the iPhone 11 is 6.1-inch. Most people who bought the iPhone SE did so because at a lower price it packed the iPhone 6S guts into the smaller body of a 5-style iPhone model.

In fact, the SE2 iPhone would probably be cheaper than the 11 iPhone. The iPhone SE was initially sold for $399, and if the SE2 goes on sale at the same price, as things stand, it would be $50 cheaper than the iPhone 8.

Cameras of the iPhone SE2 may not be as effective as those used in the iPhone 11 range to keep costs down. It can also keep the iPhone 8 home button instead of switching to a Face ID all-display format. Kuo showed:

"Though most of iPhone SE2′s hardware spec will be similar to iPhone 8′s, we think the excellent computing power offered by A13 and 3GB LPDDR4X, and the more affordable price will be great selling points. Therefore, we estimate iPhone SE2 shipments in 2020 will reach 30–40 [million] units."

In March 2016, Apple unveiled the iPhone SE. A different launch schedule for the SE2 iPhone will suit Kuo's prediction that in the first quarter of next year, Apple would unveil the phone. Kuo's forecast adds additional energy to the rumors of the iPhone SE2 as other experts made a similar claim.