Apple has canceled the next iPhone SE, analyst says

“Supply Chain has received instructions from Apple indicating that production and shipping plans for 2024 iPhoneSE 4 have been canceled rather than delayed,” Ming Chi-Kuo said in a blog post. He went on to say that Qualcomm would be the biggest winner from Apple’s cancellation of the 2024 iPhone SE 4.
Qualcomm remains Apple’s 5G chip supplier
With the iPhone SE 4, Apple wanted to test its own baseband chip before integrating it into the iPhone 16 series. With the phone now canceled, Qualcomm will remain Apple’s 5G chip supplier until 2024 in less.

“For fear that the performance of the internal baseband chip might not match Qualcomm’s, Apple originally planned to launch its baseband chip in 2024 and leave the low-end iPhone SE 4 adopt it first, and decide whether to let iPhone 16 use its baseband chip based on the development status of iPhone SE 4. However, the cancellation of iPhone SE 4 significantly increased the odds that Qualcomm will remain the exclusive baseband chip supplier for the new 2H24 series of iPhone 16, which is better than the market consensus that Qualcomm will start losing iPhone orders in 2024,” Kuo said.
Additionally, the decision to cancel the iPhone SE4 will help Qualcomm maintain its lead in the global high-end mobile RF market through 2024.

“The company’s strong product lineup, which confers competitive advantages, should mitigate the negative impacts of the economic downturn and allow Qualcomm to return to solid growth ahead of its competitors once the economy recovers,” noted the CEO. ‘analyst.
The iPhone SE 4 was supposed to have a notched design – similar to the iPhone XR. Apple released the third generation iPhone SE two years after the second generation iPhone SE.