The iPhone SE (1st generation) is now being sold for over 200,000 won (US$140) on second-hand marketplaces. Even the iPhone 6s, a model released a decade ago, is fetching around 100,000 won.

The new SE is expected to see big adoption outside the U.S., specifically in China and India, which are currently ranked the world’s first and second-biggest smartphone markets, respectively.

A view of the 2022 Apple iPhone SE. ... The demand for the iPhone SE (1st generation), first released in 2016, has even led to the term “iPhone SE phenomenon”. Advertisement.