Is Apple choosing quantity over revenue?

Apple has announced their new iPhone SE to be the same size as the 5s with the features & operating system of the 6/6s as well as the 6+/6s+. This phone will have a better battery life, new microphones as well as Apple pay support. This phone will be sold at a very low cost compared to other Apple products. The SE is said to start at $399.00 for the 16GB up to $499.00 for the 64GB. Most of us know Apple for its expensive but quality products. Is apple finally giving up the high profit margins and cutting it in half to produce more products at an affordable rate? I think that Apple is finally doing what Samsung & LG have been doing for many years. Offering a quality product for an affordable price that doesn't cost over $500. The SE is said to drop in 100 countries by the end of May. This is something never seen before from apple because, now apple can offer the iPhone SE to developing countries that can now afford an iPhone. The developing countries is dominated by android users but Apple is bound to grow in those areas where all other Apple products are not affordable.