I sorta get that, but if I was on the look out for a modern phone at that price, I'd probably get one of the cheap Nokia smartphones or such like.The iPhone SE is used for a lot of prepaid carriers. You can get a new, unused iPhone SE 2022 for $149.99 right now on many prepaid carriers. It’s basically a catch-all, bringing more and more users into the Apple ecosystem. It’s a very important device, IMO.
I guess what I'm saying is that I can't believe that there are enough people who are that price sensitive who would want to get into the Apple ecosystem with a 9 year old phone design.