Lintao Zhang/Getty Images

The iPhone 5se, Essentially a Smaller iPhone 6, May Be Released in March

Tech giant Apple may be releasing the iPhone 5se, an "enhanced" version of the iPhone 5s, for those who want the amenities of the iPhone 6 and 6s without the 5.4-inch size, go-to Apple reporter Mark Gurman wrote for 9to5mac.

According to Gurman, Apple is about to announce the 4-inch iPhone 5se, to be released in March or April and include several iPhone 6 features such as curved glass edges and 8-megapixel rear camera. The device name means "special edition" or "enhanced" 5s, Gurman reported, and the 5s will likely be discontinued upon its release.

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iPhone 5sLintao Zhang/Getty Images

Here are the upgraded features the iPhone 5se will likely have over the iPhone 5s, multiple sources told Gurman:

• Curved glass edges like the iPhone 6 and 6s

• 8-megapixel rear camera and 1.2-megapixel front camera like the iPhone 6

• Ability to take wider panorama photos and autofocus for video 

• Barometer in Apple's Health app that measures elevation

• Apple Pay

• A9 and M9 chips — the M9 includes the always-on Siri option allowing users to activate Siri by simply saying, "Hey Siri"

• iPhone 6s-quality Bluetooth and Wi-Fi chips

• Live Photos like the iPhone 6s 

• Silver, space gray, gold, and rose gold colors like the iPhone 6s

• A 16 GB and 64 GB storage space option (the 5s allows up to 32 GB)

Apple is also reportedly gearing up to release the iPhone 7 in September, which rumors suggest won't have the 3.5-mm headphone jack, opting for Bluetooth headphone capability or another type of connection. Other rumors include waterproof and dust-proof design and enhanced wireless "Li-Fi" internet speed that is 100 times faster than Wi-Fi. 

Jan. 25, 2016, 5:14 p.m. Eastern: This story has been updated.

Correction: Jan. 25, 2016