$999 Retina Mac with 256GB Baseline Storage?
Somewhere along the line in 2016, Apple's product value proposition went off. Everything from Mac to iPhone, they either had the same price but not as much improvement or a price hike with new feature.
At first it was thought Apple is moving into higher margin luxury style business, but now it seems it was a cover up for Service Revenue with huge margin. Despite Apple doubled its Service Revenue from 2016, its Gross and Net Margin has been stable over the past 5 years at ~38% and ~19%.
iPhone 11, MacBook Pro, MacBook Air, iPad in 2020 have all priced like they were in ~2015. Roughly 30% premium to their competitors, So in a way, you can think of Services ( and likely wearables ) is Subsidising ( Edit: Offsetting should be the better word ) these price reduction.