Apple’s iPhone SE 4, based on the iPhone 14, is said to get massive update with Face ID, USB-C, Action button, OLED, and more, according to an anonymous leaker.

Marko Zivkovic for MacRumors:
The iPhone SE 4, known internally under the codename Ghost, is expected to receive a new design derived almost entirely from the base model iPhone 14. According to our sources, the iPhone SE 4 will use a modified version of the iPhone 14 chassis and will even maintain iPhone 14 test parameters for internal testing.
As far as the chassis is concerned, two major changes are expected – an Action button and a USB-C port… As for the back of the device, the next iPhone SE will feature a single camera with the flash aligned in an arrangement similar to the third-generation iPhone SE. The exact design of the camera bump, however, remains unclear at the time of writing. Apple has developed at least five different designs for the camera bump, with minor differences among them. They fall into two major categories:
• Camera and flash encompassed in a single, oblong-shaped camera bump
• Only the camera ring raised from the main backplate surfacePreliminary information suggests that the iPhone SE 4 may feature a 48-megapixel rear camera, providing for a significant upgrade from the current model.
MacDailyNews Take: If true, it’ll finally be the death of the Home button anachronism!
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Stop make the SE Bigger. I have an SE because I don’t want a big iPhone.
Exactly. I have a mini and am hoping that the SE will be smaller than the 15s. I used to think the cameras were a differentiator, but I don’t care about the Pro cameras anymore (also, they’re huge). I’d rather have a phone that can do 98% of what I want, and fits in my pocket 100% of the time rather than a phone that can do 100% of what I want, but fits in my pocket 20% of the time. I’m not always wearing cargo shorts!
I too have a Mini, and I love it! I hate the idea that one day I will be forced to switch to a larger iPhone.
5.42” FTW!
That sounds more like Apple giving iPhone 13 mini the “SE” treatment, updating an existing design with latest specs (A16, USB-C, and better camera). But it’ll cost $150-200 more than current iPhone SE, the low-cost choice. So just call it iPhone mini (no number), for customers who want the modern design with Face ID in smaller size. Release it Spring 2024 for a 3-year run. Keep current low-cost classic design iPhone SE in lineup and give it next specs refresh Spring 2025.