An iPhone SE updated with 5G is less than a year away, according to a trusted Apple analyst. Because of its lower price, the model could put high-speed cellular wireless connectivity in the hands of far more people.

Apple reportedly cut orders for its future 5G iPhones with Chinese component makers, fearing a slowdown in orders as a result of what many economists are already calling the beginnings of a global recession. 

Chinese daily technology newspaper Digitimes reported Friday some component suppliers have been told by Apple they will not need as many parts for new iPhones, expected to be released later this year. Other suppliers now say that they too expect a slowdown in orders from the iPhone-maker.