They prefered to sell the old technology in the SE 2020.
Yep, a low cost Apple/iOS ecosystem entry point alternative for price conscious using last year’s powerful A13 CPU with cost effective amortized and reliable designs and parts. A good value.
Just as the 5S was a flagship, the new iPhone 12 mini is flagship level performance and features in a small form factor, appeals to those who most all of a flagship but don’t like the larger sizes- now they get their wish. So many people said they would pay anything to get this size back - we’ll see if they’re true to their words. I think we’ll be in for a pleasant surprise at how popular the 12 mini will be, particularly for women and anyone with smaller hands or skinny jeans!