Semantics. Apple is the official source for their "lineup" and it's no sold through Apple anymore. There have been countless articles, including here, that use the word "discontinued." I'm sure you can still find the iPhone 5S at some retailers.They are still selling them through authorized retailers. Apple didn’t want them in their flagship stores, quite likely because they also sell the 7, 8, XR, XS, and XS Max for much higher profit margins, and potentially hoped to encourage customers coming to those stores to spend more.
They also still sell the SE.
Apple did not discontinue those models. They stopped selling them at the Apple retail stores. Big difference. You can still find them on their website as options, albeit, you must purchase from an authorized retailer.
Your line of reasoning is specious at best, and certainly is no more valid than anybody else’s speculation, or what you may consider nonsense.
Point is, Apple isn't promoting it anymore and it's no longer in their official lineup...for a reason. Niche product and Apple figured they can get people on the fence to either buy a 4.7" iPhone 7 or 8...or step up to an Xr.
The success of the iPhone X is was created the entire new lineup.
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It's not just about "no demand" or not. Apple has studied the market and executed a strategy. My point is, they certainly know better than we do and the fact it's not in their lineup is proof enough it's not a big seller or at minimum something that people would forego buying another that is in the lineup.If there is not a single iPhone SE or newer version available for sale at Apple store, the demand for it will be zero.
This was the case when Apple did not sell any phablets - zero available, zero demand.
No overestimate done by anyone here; >4.7"+ size screens were not in demand at Apple until 2014!
Nonsense said here is by people claiming that there is no demand for smaller size iPhones.
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... and people are still buying these "not wanted" iPhones at these locations, when they see Apple is not selling them. All guarantee and AppleCare available.
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