AsianFin -- Apple is set to unveil a long-awaited redesign of its iPhone SE, modernizing the budget-friendly model in an effort to boost sales and attract new users from rival brands.

According to sources familiar with the matter, Apple plans to announce the updated iPhone SE as early as next week, with sales expected to begin later in the month. Instead of holding a formal launch event, the company is likely to reveal the device online, the sources added, requesting anonymity as the details remain private.