Apple is having lower-than-expected sales of midrange iPhones, claims analyst Ming-Chi Kuo. As a result of this, Cupertino is expected to cancel or at least postpone the iPhone SE 4 until 2024.
The company needs to reevaluate its strategy and pricing because the next-gen iPhone SE will have a full-screen design, meaning a higher cost of production.
According to the analyst, scaling back and postponing the new phone would help reduce “unnecessary new product development expenses” and also help the company navigate “the challenges of the global economic recession in 2023”.
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