After initially discontinuing the iPhone SE in September, Apple’s 4-inch smartphone made a brief return to its website, albeit in the clearance section, earlier this week. The discounted stock sold out in less than 24 hours and all traces of the device disappeared, yet today the smartphone has made another unexpected return.

Like last time, the popular model is being sold in new, unopened boxes to customers that may still be interested. The entry-level 32GB model now costs just $249, down $100 over its previous retail price of $399. Similarly, Apple has reduced the 128GB model’s price tag ...