In an investors note obtained by Apple Terminal, Apple analyst Ming Chi-Kuo says despite expectations that Apple will release an updated iPhone SE in the 1st half of 2021, the company has likely called off those plans.
Last year Kuo reported that alongside this year’s iPhone 12 lineup, Apple would update its iPhone SE family with a new “iPhone SE Plus” in early 2021. Today’s note leaves the door open for a new update to the SE family, however, Kuo doesn’t see that happening until at least the 2nd half of the year. Apple’s decision to postpone a refresh may be a result of the launch of the iPhone 12 mini, its smallest iPhone in this year’s lineup, and could be seen as a complement to the existing iPhone SE.
The note as a whole covers the expected revenue growth of key Apple supplier Yujingguang which supplies Apple with camera parts for the iPhone 12. Kuo says that the supplier’s revenue will continue to decline in November and December, lower than market estimates. Even if Yujingguang were to attempt to offset any decline in revenue by increasing shipments of the iPhone 12’s 7P lens, it will still remain lower than what some have hoped.