I mean, the 128gb iPhone SE costs $450 and the 128gb iPhone 12 (5.4 inch) is expected to costs $650. It has a lot better value for the price. The difference between both is huge. OLED display, 5G, dual cameras, A14 chip, bigger display on a smaller size, new design, smaller notch and bezels, Face ID, probably better battery life, etc
Won't know until it is actually released and we know the actual specs and price. Not rumors.
The supposed differences are huge
for you. Different people have different wants and needs.
Some think the $300 price jump from the iPhone 11 to the Pro is a no brainer. Others say the OLED and third camera aren't even close to being worth that amount.
I know I'm not clamoring for 5G since who knows when and where it will be available and I'm not finding the speed on my phone to be lacking.
There are people still using iPhones with A8 or A9 chips and they work fine for them. Is A13 to A14 really going to be that noticeable?
Bigger display would be the only plus for me and if it is on a smaller phone, better yet. But these things aren't really known yet.
FaceID or TouchID, I don't care one way or the other. I've had both and either one works great.
Battery life is the question. Better battery life means bigger battery which means thicker heavier phone. We're not talking huge differences but I really am liking the size and weight of the new SE having used 8 Plus, X, XR.
So yes, value is subjective.