The new iPhone X not small enough for you? Fret not, for a new report has emerged Apple is releasing an updated version of the smallest iPhone SE as early as Q1 2018. The report comes from Chinese publication Economic Daily News. It also suggests the iPhone SE 2 will be built entirely in Bengaluru, India, where the current iPhone SE is partially built. For those not familiar, the iPhone SE was launched in the spring of 2016 and was essentially an iPhone 6S in an iPhone 5 body.