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To truly be Apples to Apples, I would factor in the $100 option for 10Gb ethernet, which brings the price difference down to $200... and the extra $200 is getting you an M1 Max.

The big thing is the Mac Studio is an out of box config and the M2 Pro is custom. It's risky relying on custom Apple configs from experience as the turnaround for repairs is much longer.

Plus I’d assume the M1 Studios will now get discounted in preparation for M2 refresh in March.

Apple don’t do discount for latest gen unfortunately. On a related note: if the USD stays strong and you live outside of the US, you will get a price bump when they refresh the product line.