Apple may not be known for offering / selling low priced products, but they do very often make improvements changes and sell the products for the same amount as they did previously, which is not getting less for the same or more, but rather the opposite.
This is true, but the rumors getting a lot of traction seem to point to Apple looking to cut costs elsewhere, such as lower capacity batteries and excluding charging bricks (despite creating a new one) to offset 5G component costs. It feels more like a balancing act than anything else. But, I'd argue not as many people are going to benefit from 5G during the lifespan of this phone than would a better battery or fast charging.