The iPhone 5SE will reportedly pack Apple's latest processor, the A9, and the M9 motion co-processor. This means the phone will have all the same features as its bigger-sized brothers the 6s and 6s plus; including the ability to take Live Photos and have always on "Hey Siri" functionality.
The forthcoming iPad Air 3 appears to follow a similar path, sporting some of the features and design perks of the larger, more powerful iPad Pro. Chief among these updates are the same 4-grill speaker system, and the inclusion of the "Smart Connector" port, which delivers both data and power to accessories that use it.