The rumor comes from French-language blog iGeneration, which cited an unnamed source claiming Apple will hold a product event in late August to introduce an updated version of the 4-inch smartphone.
Mickaël Bazoge, the author of the article, told MacRumors that he received the info from a “new source” with an unproven track record. He expressed some skepticism, but added that the source “seems reliable.”
As Rossignol points out, no iPhone has ever been launched in August. However, the SE was the first iPhone to launch in the spring outside of the Verizon iPhone 4.
The SE has most of the technology found in the iPhone 6S. I don’t see Apple revving this to match the iPhone 7 quite yet, and many think the 4-inch phone is a one-off, doomed to die on the vine. If that happens, I know my wife would be disappointed.