Registered because I'm always lurking multiple Apple rumor sites but never chime in on this topic. Fellow daily iPhone SE1 user & lover here. Holding strong in the knowledge that the iPhone 5S was the pinnacle of premium iPhones. I still keep mine in the closet as a shrine. The SE1 works, but feels lower quality in the hand compared to the 5S, so I will henceforth refer to the greatest smartphone ever built as the 5S.
What we need is bezelless iPhone 5S with in-screen or power button TouchID and smaller FaceID sensor set. I could live without FaceID but I know they'd never let it out the door without it.
Bezelless iPhone 5S form factor would be a 5" screen. Which is the perfect size for a "small" in any market where you're selling things for human beings. You know, small, medium, and large.
For the haters, the truth is that people don't dislike small & convenient, they love the Watch. I think it's Apple that knows selling phones for a future date when humans evolve clown hands, puts people in a situation where they HAVE to have the Watch in tandem to function in society. Whipping out the old 11 Pro Max (my spouse has one) to get on a bus, train, or pay at 7-Eleven is a joke. Fraught with peril as you could easily drop it.
For the average suburbanite or country boy, sure, the large phones seem to have no pitfall. These haters just don't get it and never will. The jumbotron works just fine in the ideal environment.
Here's to someday seeing a bezelless 5" 5S-quality smartphone! I'll be ordering an iPhone 12 5.4" as a successor to my SE1.