Yes.
Then it will will turn into moderately priced novelty bullshit for normal people in a few years.
At lower price, I'll be buying it just for the immersive FaceTime and Photos browsing experience.
This will be the new fancy iPad and Apple will make a lot of money off of it.
All started with a high priced offering and introduced lower priced options over time, at least accounting for inflation.
Individual Apple product lines trend upwards, seemingly faster than inflation although I'm not actually sure that's the case. However they regularly introduce cheaper product lines to open up to new markets.
I think only Macintosh is the case but it's too old days. It was quite expensive but price declined. Newton is another case for expensive but it was dead end.