Some might argue that Apple’s smartphone lineup is bloated, while others might say Apple has an iPhone for every budget. For the most part, that’s true, although an iPhone costs an arm and a leg, you can get a new one now for $430. Let’s face it, this model won’t be the most cutting-edge model in terms of looks, but the iPhone SE 3 is priced accordingly and packs a lot of features.

According to analyst Ming-Chi Kuo, due to the historically low sales of smaller iPhone models, Apple may delay or cancel the release of its successor, the iPhone SE 3, which is scheduled for release in 2024. It also says there are concerns about the potentially higher production and selling costs of the upcoming model, as it will feature a design change that will use a full-screen design.

While the above points are the main reasons, Apple may be looking to reduce its investment in new projects to deal with uncertain economic conditions for the coming year. Likewise, yesterday it was reported that Apple has downsized its computer lineup and abandoned its plans to create an ultra-high-end “Extreme” model of the upcoming Mac Pro.

Despite Kuo’s relatively good track record, we’re still a long way from 2024, so there’s always a chance something can change. But it should be noted that we have seen this before. Apple took a risk and launched a smaller, higher-end iPhone with the iPhone Mini 12 and iPhone Mini 13. However, due to poor sales, the company discontinued the series two years later.

While smaller phones are cuter and more pocket-friendly, the market shows that there isn’t much demand for such products. There may not be room for another iPhone SE in this world, even for the lower price.