I guess it depends on the SE-buyer. I've met some who didn't care about tech specs and just wanted to be in the iPhone eco-system. They were not happy about the conceved high price of the SE, but didn't waste too much thoughts on it.
And then there's the other group that were not happy that they could only afford (or were given by parents/employers) an iPhone SE, and didn't like that they had to pay so much for old hardware.
Personally, I've yet to meet someone who wouldn't rather take an iPhone mini or regular iphone.