Apple Inc. plans to unveil a long-anticipated overhaul of the iPhone SE in the coming days, a move that will modernize its lower-cost model in a bid to spur growth and entice consumers to switch from other brands.

Apple’s eagerly awaited return to the ultra-competitive mid-range smartphone market with a new iPhone SE could happen in the next week.

Apple reportedly is preparing to launch an updated version of its lower-cost iPhone SE as soon as next week. The company plans to unveil the device via its website rather than hosting a high-profile event,