No doubt Apple will focus on the lowest price possible for the iPhone 5SE, maybe even going so far as to push for 'free on a 24 month contract' and let the subsidy cover the entire cost of the device.

Apple is expected to announce a new special edition of their iPhone 5 sometime in March. It's rumored to be the same size as the 5 but with internal and external upgrades on par with the 6S.

Apple is coming out with a new iPhone called the "5se" that has a 4-inch screen and a number of new features, like curved edges and the Live Photos feature, 9to5Mac's Mark Gurman reported Friday.