We might already know exactly when the iPhone SE 2 will be released
The wait is almost over
For pretty much any other device, having to wait five more months or so would feel like an eternity. But for a phone initially expected to launch in March 2017, then March 2018, May 2018, then never, the time left until March 2020 is nothing. Besides, it's not like you have so many great options (with iOS or Android) of diminutive handsets powered by snazzy new processors to choose from right now.
Just keep in mind the so-called iPhone SE 2 is unlikely to go official under that name, reportedly sporting the same 4.7-inch IPS LCD panel as the iPhone 8 (and iPhone 7, and iPhone 6s, and iPhone 6) rather than the truly pint-sized 4-inch screen of 2016's iPhone SE. Then again, we have no idea how it could actually be called, although iPhone 8s and iPhone 9 monikers have been speculated largely as (educated) guesses based on existing inside information.
If Ming-Chi Kuo's latest predictions will prove accurate, the "iPhone SE 2" should enter mass production as early as January 2020, going up for sale shortly after an announcement event towards the end of March. That definitely sounds like Apple's M.O., with the original iPhone SE, for instance, unveiled on March 21, 2016, and commercially released 10 days later after a March 24 pre-order start.
Kuo has a rough idea of how successful the 4.7-incher might prove too, expecting monthly shipments to reach anywhere between 2 and 4 million units initially. Those numbers are unlikely to threaten the popularity of the iPhone 11 lineup, instead helping Apple appeal to a broader audience looking to upgrade from older models like the iPhone 6, 6s, or 7 to something that won't break the bank.
The emphasis might be on affordability rather than portability
After discontinuing the iPhone 7 and XS, Apple's entry-level model has become the $449 and up iPhone 8. While it's unclear if the 2017-released generation will also go away when the iPhone SE 2 enters the stage, rumor has it the latter will start at an even lower price of $399. That should be enough to get you 64 gigs of storage space, 3 gigs of memory, a classic front-mounted fingerprint scanner, and best of all, the same Apple A13 processor found under the hood of the iPhone 11, 11 Pro, and 11 Pro Max.
Although the absence of a modern facial recognition solution and that very reasonable price pretty much guarantee this 4.7-incher will not be quite as small and portable as the iPhone SE, being able to get such a powerful handset that doesn't cost an arm and a leg is likely to fulfill the dream of many budget-conscious "iFans" out there. Last but not least, this thing could do wonders for Apple's presence in key markets like China or India.