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The iPhone Special Edition (aka SE) came out after the 6/6s models, but it is actually more of a successor to the 5s. That is because it has the same 4-inch screen size and other similar features. However, the processor is upgraded to a 1.85GHz model with a dual core.
The rear camera is also upgraded to the Sony Exmor RS, which offers 12 MP. This means HD recording is available so that 4K can be shot at 30fps; otherwise, a 1080p model is available at 30 or 60 fps. Slow-motion video recording is available, as are a number of other features.
One other great advantage is the ability to have iOS 10 and 11 features such as the Siri activation that is always on, Apple Pay, and the heralded Live Photos. A new color called Rose Gold was introduced to complement the other Space Gray, Silver, and Gold options.