The SE is a product for Apple. In reality, Apple doesn't want you to buy the SE. They'd rather you buy the 11, 12 or even 13, which gives Apple more margin.I don’t get why MacRumors keeps going to bat for the new SE. Is this an article or a press release? Are we to expect similar any time Apple has a lackluster release? Suspending manufacturing a week after release tells us everything we need to know about this SE.
The chip means little in the low-cost category, and certainly not enough to compensate for the outdated nature of the rest of this SE. How much does the chip matter if the rest of the phone isn’t designed to take full advantage of its capabilities?
Even if someone was able to jury-rig an M1 to work on an Apple II, that wouldn’t make it a modern computer.
Purpose of the SE is to have a lower-cost tier in the lineup with very minimal cost that can be maintained for a long time. Since Apple made their own chip, the cost of putting the A15 on the SE is probably negligible in the bigger scheme of things. Apple putting the A15 in there is to keep the cheapest iPhone within range of iOS support with its 2 to 3 years of shelf-life in the lineup since unlike the higher tier iPhones, Apple will probably keep the SE on its spot for more than a year or 2. Having the SE means Apple can say they sell iPhones from $400. They kept the old design so people entering the Apple store planning to buy a "cheap" iPhone will see the "outdated" look of the SE, and then see the iPhone 11 for just $70 more, and Apple hopes people will simply end up buying the 11 instead.
It's going to be even more stark contrast coming this September where Apple would presumably discontinue the 11 and drop the price of the iPhone 12. By that time, people will see a $429 iPhone SE, and a much fancier and shinier OLED screen of the 12 for not much more money.
It's the high end sophisticated version of upsize your happy meal strategy.