Apple's iPhone SE is set to enter a crowded and highly competitive market. Will the new design match the smartphones it hopes to outsell?

Apple could launch a new iPhone SE and PowerBeats Pro headphones as early as February 11, according to reporting from Bloomberg. The announcement is likely to be on the smaller side, given that the company has not yet issued invites for either an in-person or virtual event.

After a two-year hiatus, Apple is set to release the new iPhone SE in a matter of days. Here's what we know so far.

The new device is expected to ship with Apple Intelligence and Face ID. It's unclear if Apple will stick with the $429 price tag, though.

Apple’s next iPhone SE might be announced “as early as next week” ahead of it being on sale later in February, Bloomberg reports. The new phone has already seemingly appeared in photos and video and Bloomberg says Apple’s inventory of the current iPhone SE has started running low, which all could point to an imminent launch.

The iPhone SE is expected to adopt a design inspired by the iPhone 14, signaling a departure from the traditional Touch ID home button. Instead, the device will feature Face ID, offering a more seamless and contemporary user experience.

A new iPhone in February? Apple could release a new version of the iPhone SE as early as next week, according to Bloomberg's Mark Gurman. Rumors suggest the new iPhone SE will inherit the iPhone 14's design,

The iPhone SE has always been something of an outlier in the Apple line up. Sticking rigidly to an older design, the budget phone carries an air of nostalgia, particularly for a time when phones didn't require at least three hands to hold.