That is generally true but not really applicable to Apple products. People are paying $1000+ for a phone with a notch. Not only are customers delighted with the notch, they think it is better than having bezels.While I agree that the SE is a nice phone, I think that paying less for a product often result in a higher satisfaction because a lot of people will lower their expectations.
If I paid $1000 for a phone I expect it to be perfect, the slightest problem and I become dissatisfied. Maybe because I'd be trying to justify the price and issues are really not helping. If I paid half that price I'd be more willing to overlook a few problems.