iPhone SE came out in 2016 and has a resolution of 640x1136. I still use it.
The phone is not acting differently. The phone is acting according to the specification, which is that a pixel is 1/96th of an inch. This happens on all devices, not just phones.
From the spec:
> The absolute length units are fixed in relation to each other and anchored to some physical measurement. They are mainly useful when the output environment is known. The absolute units consist of the physical units (in, cm, mm, pt, pc, Q) and the visual angle unit (px):
> 1in = 2.54cm = 96px