The update comes at a time when Apple recently reported a 1% dip in iPhone sales during the holiday quarter, failing to meet expectations. A more advanced yet still affordable iPhone SE could help Apple compete in key markets such as China and India, where budget-friendly smartphones with premium features continue to gain traction.

Apple is getting ready to show its newest device during an event on Wednesday, February 19th. Tim Cook revealed the date in a post on X, saying “Get ready to meet the newest member of the family,” alongside a GIF of the Apple logo.

Apple Inc. plans to launch a product on Feb. 19 that Chief Executive Officer Tim Cook described as the “newest member of the family.”