The current iPhone SE, introduced in 2022, is showing its age and is in desperate need of a refresh. With the recent launch of the CMF Phone 1, priced at just $199, Apple's budget offering is facing stiff competition. The Phone 1 boasts a modern design with an all-screen display, impressive hardware like a 50-megapixel camera and 8GB of RAM, and a robust design reminiscent of the iPhone 5C. Despite running on Android, the Phone 1 offers features like fast charging and a 120Hz refresh rate that put it ahead of the iPhone SE. While the Phone 1 isn't perfect, its low price point makes it a compelling option for budget-conscious consumers. Apple would do well to take note and update the iPhone SE to compete with offerings like the CMF Phone 1.