We forecast that Apple will launch the more affordable iPhone SE2 in 1Q20. For the most part, the form factor design and hardware spec are similar to iPhone 8’s. The most significant hardware spec upgrade will be the adoption of the A13 processor and 3GB LPDDR4X. iPhone SE2 will likely increase iPhone’s market share and benefit Apple’s promotions for service and content. We expect that the iPhone SE2 shipment will reach 30–40mn units in 2020.
The device could be a popular upgrade choice for the approximately 100 million iPhone 6 and iPhone 6 Plus users out there. Kuo believes it will serve as a ‘key growth driver’ for the company in 2020.