https://www.theverge.com/circuitbreaker/2018/1/29/16946264/iphone-se-2-rumors-ming-chi-kuo-kgi-securities-apple

There have been rumors swirling about the iPhone SE getting an update sometime in 2018, but KGI Securities analyst Ming-Chi Kuo has thrown some cold water on those fires. A new research note claims that Apple might not have an updated SE in the cards at all — or if there is one, customers can expect a minor update that amounts to a run-of-the-mill spec boost and no new features like wireless charging or Face ID, via MacRumors.

According to Kuo, between the three phones Apple released last year (iPhone 8, 8 Plus, and X) and the three phones rumored to be released this fall, the company may not have enough development resources for an SE follow up as a fourth phone for 2018. That said, Kuo also does acknowledge that a basic processor update could still happen, but it seems that SE fans should keep expectations low.