iPhone SE (2020) | Photo by Vjeran Pavic / The Verge

Bloomberg reporter Mark Gurman is typically a reliable source for Apple rumors, so we’re listening when he says the company is targeting March 8th for a spring event to show off a new low-cost iPhone SE with 5G, as well as a refreshed iPad Air that adds a new CPU and 5G for cellular-equipped models.

Rumors of an update for the iPhone SE have been around since before the iPhone 13 launched, and now Bloomberg says we should expect to see a faster chip and improved cameras inside a shell that’s similar to the existing model that has a 4.7-inch screen. The current iPhone SE was introduced in 2020, and its $399 price is the same now as it was on launch day, so an A15 CPU and 5G could make it a much better value. There’s no word on the fate of…

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