The new iPhone SE is seen on display during an event at the Apple headquarters in Cupertino, California March 21, 2016.
The new iPhone SE is seen on display during an event at the Apple headquarters in Cupertino, California March 21, 2016. Reuters/Stephen Lam

The unexpectedly high demand of iPhone SE has helped the newly launched device to over perform all expectations, revealed Apple CEO Tim Cook during a quarterly conference call on Tuesday.

The 4-inch form factor has managed to attract new users along with existing iPhone customers to switch to the new iPhone SE. Cook confirmed that there is demand in the market which is way beyond expectations.

He also confirmed that Apple is working hard towards fulfilling the overwhelming demand for the iPhone SE. The phone has inherited its design elements from the iPhone 5s and its hardware specifications match with Apple’s current flagship, the iPhone 6s.

Apple’s new 4-inch iPhone SE is equipped with powerful specs at an affordable price point.

The entry-level 16GB model is priced at US$399 (AU$523) as compared to the iPhone 6s which starts at US$649 (AU$850). The 64GB variant of the iPhone SE costs US$499 (AU$657).

According to Apple Insider, the unprecedented demand of the iPhone SE has resulted in dwindling inventory stocks and shipping delays in both Apple’s online and physical retail stores.

Related: Apple iPhone SE specs: 5 best features of the new 4-inch iPhone

Last month, at an event in California, the Cupertino-based tech giant released its most powerful 4-inch iPhone alongside the 9.7-inch iPad Pro. The smartphone sports the same 64-bit A9 chip paired with an M9 motion co-processor, powering the iPhone 6s and iPhone 6s Plus.

Also read: Apple iPhone 7 may come with touch-sensitive home button --reports

In related news, Apple is also slated to unveil its next generation of flagship series, the iPhone 7 and iPhone 7 Pro.

In 2017, Apple is expected to revamp the iPhone lineup and drop its iconic aluminium casing to adopt an all-glass chassis with AMOLED screen. The company has reportedly ordered 100 million 5.5-inch AMOLED display panels from Samsung for its 2017 iPhone lineup.

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