On 21st March there was an event held by Apple at it’s California Head quarter. There is an announcement for new economic and 4 inch iPhone which is probably targeting the small countries and medium – economical market.
Same as all the other high end iPhones, iPhone SE also comes in 16GB and 64GB variations with 4G/LTE support. you can shoot 4k videos with this new iPhone. Apple may be considering India as a potential for its economic version of iPhones let’s see how long it takes.
However there are several things missing from iPhone SE which includes 128GB variant, High Resolution Front face camera and 3D touch sensing. you can check for a good video by Cnet. which shows you all the features that are included and missing from SE.