Apple made no mention of the iPhone SE 2 at its recent WWDC and for now it remains just a rumor - Apple hasn't actually confirmed that it's even making an iPhone SE 2.
But naturally, tech watchers are expecting that it is already in development and some leaks out this week provide further evidence of that.
Actually the schematics leaked by Forbes were for the rumored iPhone X Plus, a larger version of the iPhone X, and a cheaper "budget" handset - also dubbed the iPhone SE 2.
The Plus device is a spacious 6.5 inches and apparently will feature an OLED display and triple rear camera - already a feature of the Huawei P20 Pro.
By contrast, Forbes said the budget iPhone would be 6.1 inches and come with only a single rear camera and gen one Face ID technology, in contrast to the iPhone X and iPhone X plus which feature gen two.
It will also ditch 3D Touch and feature a more pronounced notch.
It's been two years since the iPhone SE went on sale and there is a lot of speculation that Apple will be releasing the budget follow-up to this device some time this year, despite Apple not making any updates to that effect at the WWDC.
According to the Express, analyst Karl Ackerman said the iPhone SE 2 could arrive in May/June, while a different analyst, Ming-Chi Kuo, explained why he thought it was unlikely Apple would bring the device out even this year.
He said: "With three new models in the pipeline for the second half of 2018, we believe Apple may have used up its development resources."
According to Forbes, Kuo said Apple is slashing around $300 off the price of its devices this year due to the disappointing performance of the iPhone X.
Kuo reports that the iPhone X Plus will be priced around $900-$1000, while the next-gen iPhone X will be in the range of $800-$900. The budget 6.1-inch device dubbed the iPhone SE 2 is tipped to be around $600-$700.
Kuo apparently said there had been "concern" at Apple "over the negative impact of a higher price in a mature smartphone market on selling momentum."