Apple updated the iPhone SE with the current generation Apple Silicon A15 chip that's also used in the iPhone 13 lineup. In addition to the A15, the iPhone SE is getting 5G cellular connectivity. The design of the iPhone SE hasn't changed much. It still has a 4.7-inch display, with tougher glass on front and back, and an IP67 rating. Touch ID is still there, of course, thanks to the home button remaining in place.
Storage options will start at 64GB, doubling to 128GB and 256GB.
There's still a single rear 12-megapixel camera, but the addition of the A15 processor should improve overall photo and video quality.
Finally, the new iPhone SE will run iOS 15 out of the box and will continue to receive software updates, just like the iPhone 13.