Apple shared the date of one of the most anticipated events. Speculations were ripe about Apple’s latest product hitting the stores in March, and Apple just put all rumours to rest.

The event has been scheduled for March 21 ahead of the iPhone 7 launch in September, noted the Telegraph reports. The source quoted, “This new handset, expected to be called the iPhone SE (special edition), is expected to be joined by a downscaled iPad Pro measuring 9.7-inches, and some new Apple Watch straps.”

As the rumours suggested, the new iPhone 5SE would have the look similar to that of iPhone 5 with 4-inch display. But current reports suggested that the curves would be moulded in the iPhone 6 or iPhone 6s style.

According to the Gospel Herald, Apple could continue to sell iPhone 5s alongside the latest product just to tap the Indian as well as the Chinese market. KGI Securities analyst Ming-Chi Kuo stated that the iPhone SE will cost between $527 – $660 (US$400 – US$500). The reports also claimed that the iPhone 5s prices would be slashed by 50 percent.

The iPhone SE is expected to go on sale on Friday March 25 with the same colour range as the 6s cycle – gold, silver, space grey and rose gold, wrote The Telegraph.

Initial reports suggested that the new product would sport a dual-camera system. But it seems like Apple is saving the feature for iPhone 7.

Here are some specifications of the latest iPhone 5SE.

iPhone 5se:  Apple is rumoured to have developed a new 4-inch iPhone to cater for those who aren’t keen on the new larger iPhone sizes of 4.7-inches and 5.5-inches. We expect it to be called either the iPhone 5se or iPhone SE

Expected Features: It is expected to sport an upgraded camera, Apple Pay NFC chip support, and come in rose gold, gold, silver and space grey.

Launch Date: Reports suggest the new phone could be revealed at an event in San Francisco on Monday March 21.

Sale Date: It could hit our shelves as soon as Friday, March 25.

Cost: iPhone SE will cost between$527 – $660 (US$400 – US$500). 

The above specifications were extracted from The Telegraph.