According to Mark Gurmans Power On newsletter, supply of the current generation iPhone SE, which debuted in 2022, is quickly shrinking. This is unsurprising, given the fact that were all expecting a new iPhone SE to debut in just a couple months. However, it is uniquely interesting, as it indicates that Apple likely has no plans to keep the current generation model around.iPhone SE 4 recapThis spring, likely around April, Apple is going to release a new iPhone SE. Some suggest that it might be called iPhone 16E instead. Its going to be the biggest redesign in the history of iPhone SE, with an all new design, a 6.1 OLED display, an upgrade to Face ID, USB-C, and much more. The new iPhone SE model is also going to gain support for Apple Intelligence, bringing features like Genmoji and Notification Summaries to Apples entire smartphone lineup. However, with all of those upgrades, the new iPhone SE is going to cost more. Rumors suggest the new model will have a higher price tag of at least $499.Typically, when Apple introduces new models at a higher price, they keep around an older model at a reduced price, to better serve markets. For example, Apple kept around the M1 MacBook Air model for a couple years at a lower price, as the redesigned M2 MacBook Air started at a $200 higher price tag.Current Apple Store inventoryFor better or for worse though, that probably wont be the case with iPhone SE 3. As appealing as itd be for Apple to sell a ~$300 iPhone to attract new buyers, that likely wont be the case, given the fact that iPhone SE 3 production has seemingly already ramped down:The drawing down of inventory is a reliable sign that a new model is coming. But it also suggests that Apple probably wont keep the current version around at a reduced price after the update is here. That seems like a missed opportunity, since a cheap iPhone couldve helped Apple make inroads in some markets. The current SE costs $429, and the new one might be more than that given its enhanced features.Personally, this news doesnt really disappoint me. Even though a brand-new sub-$400 iPhone would be appealing, its important to remember that Apple based the current generation iPhone SE on the 2017 iPhone 8. The iPhone SE 3 is dated technology, stacked with a good chipset and good cameras. Other than that, it doesnt hold up to Android competition in the $300-400 price range.Apple also stopped selling the iPhone SE 3 within the European Union late last year. The new USB-C regulation law went into effect, and Apple could no longer sell any lightning iPhones, including iPhone 14 and iPhone SE 3, in the European Union.If you want an iPhone SE 3 currently, for whatever reason you can still order it online and receive it within a few days. Its just that in-person Apple Store inventory is running shy.Follow Michael:X/Twitter,Bluesky,InstagramAdd 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel