According to a 9to5Mac report, tech giant Apple will likely introduce the much-rumored new 4-inch iPhone model at an event scheduled to be held by the company in March this year.

The new 4-inch iPhone variant will likely be called ‘iPhone 5SE;’ with ‘SE’ apparently an acronym for ‘Special Edition.’ The handset will seemingly be available for purchase at the end of March or in early April.

Going by the details shared by 9to5Mac's Mark Gurman, the forthcoming 4-inch iPhone 5SE model will be based on the design of the iPhone 5S model, and not the anticipated next-generation iPhone -- the expected ‘iPhone 7’ model, which will come without the headphone jack.

The new 4-inch iPhone 5SE variant will boast most of the features of the iPhone 6 model, including the curved glass screen; the A8 processor; and the 8-megapixel rear-facing camera.

In addition, iPhone 5SE model will also come with other noteworthy features like NFC; a barometric sensor; and the capability to capture Live Photos. The handset will also support the Apple Pay mobile payment system; though it will not support 3D Touch.

The color options to be available for the iPhone 5SE variant will be the same as those available for the iPhone 6S model, including a rose gold version.