Analyst Ming-Chi Kuo, known for his accurate forecasts about Apple's releases, spoke about the new iPhone SE 2 (or iPhone 9), which the company plans to launch as early as March 2020. This is reported by MacRumors.
According to the expert, the March iPhone will be a continuation of Apple's budget smartphone lineup. The new device will get the A13 processor (found in the latest iPhone 11, 11 Pro and 11 Pro Max) and 3 GB of RAM (as in the iPhone XR, X, 8 Plus, 7 Plus). The device will be equipped with a 4.7-inch screen (as in the iPhone 8, 7, 6S and 6) and a Home button with built-in Touch ID fingerprint scanner.
The expected price is from $399. And that is the best news, along with the A13 chip.
For comparison: at the September 2019 presentation, Apple cut the price of the iPhone 8, with a two-year-old processor, to $449. So the new "budget Apple" should go on sale at roughly today's price of the iPhone 8.

Designer Mauro Battino also created a promo video concept for the future device:
Judging by the video, the glossy Jet Black color is expected to return, which was only available on the iPhone 7 and 7 Plus. Besides it, the new model is expected in classic white and black, as well as the charity Product RED.