The rumored new iPhone SE 4 may be priced between $429 and $499, which is a substantial increase from its current price. According to Mark Gurman, the A18 chipset, 8GB of RAM, support for Apple Intelligence, a single 48MP camera, and a notched display are expected features. However, the pricing seems to be outdated compared to competitors like the Google Pixel 8a, which offers similar specs at a lower price point. To make the iPhone SE 4 worthwhile, Apple may need to adjust its pricing strategy.
Source: https://www.techradar.com/phones/iphone/if-the-new-iphone-se-4-gets-this-rumored-price-hike-ill-struggle-to-recommend-it