Apple could launch a new iPhone SE and PowerBeats Pro headphones as early as February 11, according to reporting from Bloomberg. The announcement is

Forget about the new Apple products launching this week. The upcoming iPhone SE 4 launch won't happen until next week, at the earliest.

The update comes at a time when Apple recently reported a 1% dip in iPhone sales during the holiday quarter, failing to meet expectations. A more advanced yet still affordable iPhone SE could help Apple compete in key markets such as China and India, where budget-friendly smartphones with premium features continue to gain traction.