QuoteThe fourth generation of Apple's budget-oriented iPhone model
For wildly variable definitions of "budget", of course.
The current model ranges from US$430 to US$580, which while inexpensive compared to the rest of the iPhone line, is actually considered "midrange" at best when compared to all most phones.
For example, in emerging economies, say India for example, the median price is more like US300 (25,000 Rupees).
Apple's upcoming iPhone SE 4 is poised to arrive with a variety of improvements. Being Apple's most affordable iPhone variant, the SE 4 is likely to be rather popular in emerging economies. Rumored to launch in the spring of 2025, it is expected to enter mass production soon.