Apple's next-generation iPhone SE is expected to be announced as early as next week, according to a report by Bloomberg. The new device is rumored to feature significant upgrades, including a bigger screen, Face ID, and an in-house cellular modem. This would mark a major departure from the current iPhone SE, which has been on the market since 2022.

The report suggests that Apple's inventory of the current iPhone SE has started running low, which could indicate an imminent launch. Additionally, leaked photos and videos purportedly showing the next iPhone SE have surfaced online, further fueling speculation about the device's release.

According to Bloomberg, the new iPhone SE will resemble the iPhone 14, with a larger screen and the elimination of Touch ID in favor of Face ID. The device will also be powered by an A18 chip, enabling Apple's advanced AI features. Moreover, the iPhone SE will reportedly feature a single rear camera and a USB-C port, which would allow Apple to sell the device in the EU again.

The price point of the new iPhone SE is expected to be around $500, making it more expensive than its predecessor, which starts at $429. Apple has not commented on the report, but Bloomberg suggests that the company is unlikely to hold a reveal event for the new phone and will instead announce it on its website.

This news comes as Apple is also rumored to be working on a thin iPhone, potentially called the "iPhone 17 Air," as well as major updates to the iPhone 17 and iPhone 17 Pro. The tech giant's aggressive product roadmap is likely to shake up the smartphone market and put pressure on competitors to innovate.

The introduction of an in-house cellular modem is particularly significant, as it would mark a major shift in Apple's supply chain strategy. The company has been working on developing its own modem technology for several years, and this could be the first device to feature the new component.

As the smartphone market continues to evolve, Apple's decision to upgrade its iPhone SE lineup could have significant implications for the industry. With the new device expected to feature advanced AI capabilities and a sleeker design, it will be interesting to see how consumers respond to the latest offering from Cupertino.

Stay tuned for further updates on Apple's iPhone SE announcement, and be sure to check back for in-depth analysis and reviews of the new device once it's released.