Not a chance.
There’s absolutely no scenario in which the iPhone 12 6.1, which is going to be extremely, extremely similar to the iPhone 13 6.1, goes from $829 down to $599 after one Keynote.
Sorry, won’t happen, not a chance.
Apple has never given an iPhone a $229 price cut in one day, and they’re not going to do it with an iPhone that is so similar to their new one.
Most likely scenario is that they just cut the XR and The entire 12 series, and you’re just left with the SE, 11, and 13 series.
Hell, if the Apple Watch Series 3 has proven anything, it’s that they’re not above leaving products around for years and years, so I wouldn’t even be surprised if the XR still remains, at least until early next year when the new SE comes out