Apple is currently working on the iPhone SE 4 (next generation) and the rumors are already started. As per the rumors the iPhone SE 4 will have a big display (6.1 inch) with notch. Analyst Ross Young (via MacRumors) has revealed that the upcoming iPhone SE 4 will remove the compact screen size display and feature a 6.1-inch LCD display.
As the display is getting bigger with a notch, the faceID will be introduced now. That means the touch ID will be removed.
The new information goes hand-in-hand with another circulating leak around the next iPhone SE that we have been seeing for months now, that suggested that the phone could come with the design and body of the iPhone XR, instead of the iPhone 8.