If you missed out on getting the iPhone SE, guess what? You get another chance. These things are great as backup phones, or if you need to replace a dying phone fairly cheaply. At this price it’s worthwhile. You’re effectively getting a shrunken iPhone 6s, including the A9 processor and 12-megapixel rear camera. It can still run the latest version of iOS.
While we’re not sure why Apple is bringing the phone back for clearance sales, we do know they need to sell more iPhones. Holiday sales were down and they are surely looking for a boost for 2019.