From its inception, one of the big drawbacks of the Apple Watch has been cost. Many people can't justify the price of the cheapest flagship model, never mind upgrading to stainless steel or buying an Ultra. Since 2020, the SE line has been Apple's answer to that dilemma, offering the core Watch experience with relatively few sacrifices.
Source : https://www.pocket-lint.com/apple-watch-se-3-what-we-know/
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