Starting at only $399, the iPhone SE is Apple’s most affordable new iPhone. It’s a tempting purchase for those who like Apple’s ecosystem but don’t want to spend $800 or more on a new phone every few years.

But it’s not updated at the same time as the other iPhones, nor as often. It’s an easy rule of thumb to say “never buy a new iPhone in July or August” but that doesn’t apply to the iPhone SE. Here’s what we know about the iPhone SE and when its next major update will be released, along with our advice about when to buy.

iPhone SE: Pricing and specs

Released: April 2020
The iPhone SE is generally not updated every year. The original iPhone SE was released in 2016, and there wasn’t a second-generation model until April 2020 (though it did get a minor storage bump in 2017 with larger storage capacities). It’s essentially an iPhone 8 body (including Touch ID, LCD display, and single rear camera) with the A13 Bionic processor found in the iPhone 11.

That’s how the iPhone SE usually works: Apple takes a phone from a couple of years prior and swaps out the processor for the very latest Apple chip. This makes it much more affordable to produce, and thus Apple’s most affordable iPhone. Current models start at $399 for 64GB, and we rarely see them on sale.

The iPhone SE has always been released in the spring, and we expect a new model perhaps in 2022.

iPhone SE: Why you should buy

The iPhone SE didn’t get an update in 2021, but it’s still a very capable new iPhone for the price—the iPhone 11, which has the same processor—costs $200 more. Sure, you get Face ID and an edge-to-edge display with that, along with a better camera, but if you’re budget-conscious you’re not going to get a better iPhone anytime soon.

iPhone SE: Why you should wait

If you’re not in a big hurry, the next iPhone SE (due out in the spring of 2022, we think) is probably going to be a lot better. We hear a lot of conflicting reports—some say it will still have the iPhone 8 body and Touch ID, others say it will move to the iPhone 11 body and Face ID. But either way, if the pattern holds, it should incorporate the A15 processor that will be introduced with the iPhone 13 this fall.

That’s going to give it much faster performance, likely longer battery life, and better photo and video quality. Perhaps most importantly, it will support 5G, which is not terribly important now but will be in the coming years. This will be, hands-down, Apple’s most affordable 5G iPhone.

Macworld recommends: BUY

If you want to wait for the next iPhone SE, you’ll be waiting until the spring of 2022 (or longer). Even so, the rumors about what that model might entail don’t sound like it will be a massive upgrade. Sure 5G and an A15 is nice, but if the body is still based on the iPhone 8, it’s not going to feel like a big leap forward. And if you’re buying a budget iPhone, you’re not concerned about the latest features anyway, right?