[throw51319]

They release the SE (2020) in April. So they hit that smaller but latest phone market, and then they are tapping in again only 6 months later with the 12 mini. A lot of people with the SE (2020) will want to upgrade for the speed, camera, even smaller body etc.

[Game_Ender]

The camera was not in fact a direct upgrade, it was the same hardware with improved software post processing. That was the deciding factor for not getting an SE for me, and to wait for this cycle.