According to a research note issued by KGI Securities analyst Ming-Chi Kuo, Apple does not have enough spare development resources to focus on launching another iPhone, especially a second generation iPhone SE (via MacRumors). Citing sources within Apple’s supply chain in Asia, Kuo says if there really is a so-called “iPhone SE 2” on Apple’s roadmap, it will only have minor design changes.
The analyst notes that Apple currently has three new iPhone models in the pipeline i.e. a second generation iPhone X with a “much different” internal design, a larger 6.5-inch version called the “iPhone X Plus”, and a lower-priced 6.1-inch iPhone with Face ID and an LCD display.
Regarding a possible iPhone SE 2, Kuo 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, wireless charging, or 3D sensing for Face ID. Below is an edited excerpt from his research note:
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.
Previous rumours have claimed that a new iPhone SE with wireless charging could launch in May-June this year.