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After months of rumors, it seems that the fourth-generation iPhone SE could be right around the corner. As we recently reported, Bloomberg’s resident Apple guru Mark Gurman has predicted that the launch of Apple’s next mid-range handset is imminent, with an announcement possible by the end of next week (February 21).

However, there is one rumor that’s caught my attention for unfortunate reasons: we previously heard that the iPhone SE 4 might cost anywhere from its current $429 to as much as $499 – roughly between £429 and £499 in the UK, and between AU$719 and AU$799 in Australia. Now, though, Gurman has suggested that Apple will target the upper end of this range.

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