Pricing the se and base model ipad is a bit disingenuous. You look at the flagships and they kept up with inflation adjusted pricing. Iphone and ipad 1 were flagships. Not old hardware released for a song.
I wouldn’t call either of them a flagship product, just the product. They added new titles for those premium products. At release it was called an “iPad” and in 2024 they still call the base model an “iPad” while also having an “iPad Air” and “iPad Pro.”
It makes sense as a strategy, a mid 90’s 2,000$ desktop is ~5,000$ today inflation adjusted. Few people spend that on a desktop today the market just shifts and you need to keep up. Meanwhile there’s a tiny percentage of people who just don’t care that much about money so you want something to milk such people for all they are willing to spend.