Ah. I understand nothing beyond the “red” and “512GB”.
That’s one of the reasons I like being an SE cheapskate (and lacking the spec-hound gene). I just pay $399 outright, upfront (cash) for a phone that I keep at least four years. By the time it gets unusable, I throw $399 at someone and start over.
I could never make sense of the trade-ins, new yearly phones, never feeling like I actually owned it, etc. Me and the SE were made for each other. It will absolutely crush me if Apple goes and yanks it from the lineup again.