There are speculations that the upcoming smartphone iPhone 5se may be a game changer for Apple, as it is power packed with some great specs and hardware, despite being relatively small in size.

The iPhone 5c was released with the iPhone 5s in 2013. It was made of plastic and was seen as a cheap alternative to the expensive flagship, according to Mac World. However, according to the analysts the iPhone 5c was more or less an iPhone 5 in colorful cases. It consisted of a slightly larger battery, only minor camera enhancements, and it cost almost similar to the flagship.

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Now, a new report says that Apple is planning to release a new handset which will combine the body of iPhone 5s and the power of iPhone 6s, according to Independant. It is being called the iPhone 5se.

It is speculated a special amalgamation of the two devices, equipped with the best of both worlds, in terms of capacity, size, and technology. In a world of big screens, those who are not interested in super sizing do not get many options. The only smaller phone in Apple's lineup currently is the iPhone 5s, which is equipped with a generations-old processor, and lacks newer technology like the Apple Pay and also Live Photos. So, it may not be the most obvious choice for a smaller iPhone.

In such cases, iPhone 5se might come to the rescue. It is rumored to be equipped with A9 processor, 64 GB of internal storage capacity, and also an NFC chip. According to latest reports, it might be priced under $450. Due to its affordable price tag and smaller size, it may be a hit with all those who prefer smartphones that fit comfortably in the palm of their hands. It is bound to appeal to budget Apple fans as well.

A new 4-inch iPhone will also give the users of iPhone 4 and iPhone 5 a reason to finally upgrade to the latest technology, keeping the screen size small. Additionally, it will also be a great option for someone who does not believe in buying expensive smartphone, but wants to buy an iPhone somehow.