07:11 AM EDT, 10/02/2024 (MT Newswires) -- (Corrects the targeted year of launch in the headline.)

Apple ( AAPL ) is readying production of a new iPhone SE that will be its latest entry-level model and will debut early next year, Bloomberg reported Tuesday, citing people with knowledge of the matter.

The company also plans to release new iPad Air models and keyboards around the same time in 2025, the people said.

This will be the first update for the iPhone SE model since 2022, according to the report.

Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

Shares of the company closed 2.9% lower on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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