The iPhone SE 4, which is expected to launch in Spring 2025, is rumored to pack enough power for Apple Intelligence features, which means a powerful AI-compatible SoC and at least 8 GB of RAM. These specs are a fair bit higher than those of the previous iPhone SE, but they may come with a higher price tag as well. https://www.notebookcheck.net/Rumored-iPhone-SE-4-to-pack-more-power-at-a-higher-price.893439.0.html
I'm sure it'll come with a paltry 60Hz refresh rate (unfortunate; it ought to have gotten at least 90), but if they do not include night mode with the new camera, then I think this phone is dead in the water.
Night mode isn't the deal breaker people think it is