According to Digitimes Research analyst Luke Lin, Apple is working on a smartphone model similar to the iPhone SE that will support wireless charging but but will lack the 3D sensing capabilities, which is said to be released in time for summer 2018, perhaps in WWDC 2018.
Even through Lin doesn't specifically mention the size of the entry-level model, but some of the details match up with previous rumors about a forthcoming four-inch 'iPhone SE 2' with a glass back. Some earlier speculation said the device would ship in the first quarter of 2018, rather than the second quarter.
For the entry-level sector, Apple is preparing a new inexpensive smartphone similar to the iPhone SE for 2018, featuring the wireless charging functionality, but not 3D sensing. The smartphone will begin mass production in the second quarter with the official launch in May or June, Lin noted.
Rumors for the specifications of Apple's next small form factor smartphone first surfaced back to August last year, when Indian tech website Tekz24 claimed Apple's next iPhone SE model would have an A10 Fusion chip, 2GB of RAM, 32GB and 128GB storage option, 12MP rear camera and 5MP front camera, and a larger 1,700 mAh battery.
Via MacRumors, Image Credit iMore forums
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