SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Apple has been rumored to release the fourth generation of iPhone SE, commonly dubbed iPhone SE 4, in the coming years. But analyst Ming-Chi Kuo now suggests that its mass production could be postponed or even canceled.
Kuo shared some of his findings in a series of tweets on Wednesday, saying that Apple’s plans for the iPhone SE 4 could significantly change. Citing his latest survey of the supply chain, the analyst said the tech giant “will likely cancel or postpone” the production of its next mid-range phone which was supposed to begin in 2024.
Shipments of mid-to-low-end iPhones like the iPhone SE 3, iPhone 13 mini, and iPhone 14 Plus have reportedly not met Apple’s expectations. And Kuo believes this is one of the reasons Apple has started to reconsider its plans to release the iPhone SE 4.
Apple released an iPhone mini in 2020 and 2021, but both were not huge hits among consumers. The same trend was observed early for the new iPhone 14 Plus. A report last October claimed that Apple asked suppliers to suspend production of components for the 6.7-inch iPhone with regular features due to low demand.
Meanwhile, there have been reports that the iPhone SE 4 is slated to adopt an all-screen design similar to the iPhone XR. But Kuo said the company may have been concerned that the redesign would increase production costs, which could then move up its selling price. “As a result, Apple may need to reconsider the product positioning and return on investment for the SE 4,” the analyst added.
Changing its plans for the iPhone SE 4 could be good for Apple, though. Kuo said postponing or canceling the phone’s mass production for 2024 would help the company reduce development expenses amid an anticipated global recession next year.
Various sources have mentioned that the iPhone SE 4 is slated to use a similar form factor as the iPhone XR, which means it would no longer include a physical home button. But Apple is expected to only relocate the Touch ID sensor, as the lower-priced device is unlikely to feature Face ID.
