Pricing has steadily increased across the three existing generations, no doubt influenced by the global cost of components and distribution. While the iPhone SE (3rd generation) was released ...
An iPhone SE (2022) with 128GB of storage inside costs $479 / £469 / AU$799, which is perhaps a fairer comparison with the latest price leak, and would mean a much smaller price bump. Of course ...
The closest model from Apple to this one, price-wise, will be the iPhone 16, which starts at $799. So, that will be a considerable difference, and the iPhone SE 4 could tempt quite a few people.