According to reports, Apple has already slashed production plans for the iPhone SE by 20%

Of course, the Mini is substantially more expensive when purchased outright, but monthly costs are a different issue. The SE costs $11.94 a month on Verizon for the 64GB model. A 64GB iPhone 12 Mini costs $16.66 a month, while a 128GB iPhone 13 Mini costs $19.44 per month.