The Apple logo Is Pictured Inside The Newly Opened Omotesando Apple Store
The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo in this file photo taken June 26, 2014. Reuters/YUYA SHINO

Apple is speculated to be working on a 4-inch iPhone that will be announced on March 21 with the iPhone SE moniker. Rumours indicate most of the specs and features of this new device will be similar to that of the iPhone 6S.

Previous rumours have indicated that the 4-inch iPhone would be launched as the iPhone 5se on March 22, with the rumour mill calling the new device with various names like the iPhone 6C and iPhone 7C. However, fresh speculations suggest that 4-inch smartphone from the Cupertino company will be launched as the iPhone SE (Special Edition) on March 21, Phone Arena reported. The launch event is likely to be organised at Apple’s Town Hall Centre in Cupertino, California, US.

Rumours have it that most of the specs of the iPhone SE will be similar to what is present on the iPhone 6S, including the Apple A9 chipset that powers the iPhone 6S along with an M9 motion co-processor. The iPhone SE is also expected to feature 1 GB of RAM.

The iPhone SE will feature two internal storage versions -- 16 GB and 64 GB. Ming-Chi Kuo, a reputable analyst from KGI Securities, claims that the iPhone SE will be fitted with a 12 MP camera on its rear panel and carry support for Live Photos. Previously it was rumoured the phone would only come with 8 MP rear camera, Mac Rumors reported. The iPhone 6S also features a 12 MP camera.

Kuo also added that the smartphone will be housing a 1642 mAh battery, although the 3D Touch feature that is available on the iPhone 6S will be absent on the iPhone SE. The small-sized iPhone will offer connectivity features like v4.2 Bluetooth, NFC, and Wi-Fi 802.11 ac. As far as pricing is concerned, it is expected to cost around $400 (AU$560) to $500 (AU$700).

Speculations indicate that after the 4-inch iPhone SE is announced on March 21, it will be available for purchase by March 25 without preorders. Apple is expected to use the very same platform to announce the all-new 9.7-inch iPad Pro.