The US-based tech giant Apple on Wednesday officially confirmed that Apple event will take place on March 8. The company shared a teaser video with an invite featuring the “peek performance” tagline, and multicolored Apple logo.

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The company didn’t disclose further details about the virtual event. But we have the timing of the event -- for 10AM PT (11:30 pm IST). Greg Joswiak, Senior Vice President, Worldwide Marketing at Apple, took to micro blogging site Twitter and wrote: Peek performance. March 8th. See you there. #AppleEvent"

At the March event, Apple is finally expected to launch the much-awaited iPhone SE 2020 successor. The device is either likely to be called iPhone SE 3 or iPhone SE Plus. Ahead of the launch, several details of the upcoming iPhone have leaked online.

The iPhone SE 3 is said to be powered by A15 Bionic chipset, which also runs the latest flagship iPhone 13 series. It is likely to sport iPhone SE (2020) like curved design with a single camera on the rear and front panel.

This iPhone model is likely to ditch FaceID for TouchID. In terms of specifications, the iPhone SE 3 is said to be an upgraded version with a competitive price tag. According to the report, the upcoming 5G iPhone SE 3 will be priced lower than $300, which roughly translates to around Rs 23,000. The exact pricing is yet to be revealed.

BGR India report also suggest, following the launch of the iPhone SE 3, Apple will drop the price of the iPhone SE 2020. The existing iPhone model is currently available under Rs 30,000, which is expected to drop under Rs 20,000 after the iPhone SE 3 launch.

According a report from IANS, the 2022 iPhone SE will reportedly feature 3GB memory, while the 2023 iPhone SE will have more significant changes, including a larger display and 4GB memory. Display analyst Ross Young previously said that Apple is working on a new 4.7 inch iPhone SE with 5G connectivity for launch in 2022, followed by a successor iPhone SE model with a 5.7 inch to 6.1 inch LCD display in 2024.