“KGI Securities analyst Ming-Chi Kuo, who has sources within Apple’s supply chain in Asia, has issued a research note today that casts doubt on rumors about a second-generation iPhone SE launching in the second quarter of 2018,” Joe Rossignol reports for MacRumors.

“Kuo believes Apple doesn’t have enough spare development resources to focus on launching another iPhone, with three new models already in the pipeline, including a second-generation iPhone X with a ‘much different’ internal design, a larger 6.5-inch version dubbed iPhone X Plus, and a lower-priced 6.1-inch iPhone with Face ID but design compromises like an LCD screen,” Rossignol reports. “If there really is a so-called iPhone SE 2 on Apple’s roadmap, Kuo expects it will have few outward-facing changes. He predicts the device would likely have a faster processor and a lower price, rather than iPhone X-like features like a nearly full screen design, 3D sensing for Face ID, or wireless charging. ”

The announcement of three new iPhone models in the same quarter in the second half of 2017 was the first time Apple made such a major endeavor, and we believe the delay of iPhone X, which had the most complicated design yet, shows that Apple doesn’t have enough resources available for development. […]

With three new models in the pipeline for the second half of 2018, we believe Apple may have used up its development resources. Also, we think the firm will do all it can to avoid repeating the mistake of a shipment delay for the three new models. As such, we believe Apple is unlikely to have enough spare resources to develop a new iPhone model for launch in 2Q18. — Ming-Chi Kuo, KGI Securities

Read more in the full article here.

MacDailyNews Take: This is, after all, Apple’s entry-level iPhone.

SEE ALSO:
Apple said to launch ‘iPhone SE 2’ with wireless charging in May or June – January 26, 2018
iPhone SE 2 said to have a big improvement over its predecessor with the addition of a popular iPhone X feature – January 8, 2018
Apple readying next-gen iPhone SE 2 – November 27, 2017
Apple said to release low cost iPhone SE 2 in first half of 2018 – November 22, 2017