Will Apple Keep the Old iPhone SE Around at a Lower Cost?

Apple is rumored to be introducing an upgraded version of the iPhone SE as soon as March 8, the prospective date of the company's first event of 2022. The new ‌iPhone SE‌ is expected to be priced at $399 and it will be replacing the current ‌iPhone SE‌, but will Apple keep the older model around and drop the price as it sometimes does when new iPhones come out?
In his most recent "Power On" newsletter, Bloomberg's Mark Gurman suggested that Apple could potentially keep the 20