That's all fine and good, or it could be that the people who wanted an SE already upgraded and didn't upgrade again because Apple didn't release a new one? I mean, you can say all day long that everyone should be forced to use 6" displays, but that doesn't mean they should. I don't mind my iPhone X, but I have slightly larger than average size hands for a male. For accessibility reasons, some people require a smaller device. Many women have smaller hands and it's more difficult to manage using a larger device. Anecdotally a very high percentage of women that I know use an SE. Some don't mind and manage with a larger size, but for some it causes pain to have to stretch their fingers so much when using. Furthermore, a lot of women's fashion doesn't permit a phone of that size fitting in their pocket comfortably or sometimes at all. And it's not always practical to have a purse on you at all times—for instance, my wife who runs her own licensed daycare.iPhone SE always represented a small amount of sales, even in 2016. Today, the demand for SE is even smaller as consumer preferences have shifted to larger displays.
The current demand for SE comes from emerging markets like India and South Africa where consumers have yet to purchase their first smartphone. The rest of the world has moved on to 6" displays.
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Apple should continue selling such a device to users who are not big and who need to be able to comfortably use their iPhone all day if Apple cares at all about upholding their accessibility mission. Accessibility isn't just for handicapped persons. A 6.1" iPhone base model is not accessible for a lot of people. The iPhone X is already slightly bigger than the 4.7" iPhone in physical case dimension and this 6.1" model is even larger than that. That combined with rumors about a new SE from a while back make me believe Apple may follow a similar model to the iPhone 6s and launch the new SE in Spring 2019 and at a higher price point than it is currently. Users will get some benefit of a larger display with it upgraded to be taller like the new iPhone range.