For people in the US yes, overseas they are famously overpriced. Here in South Africa the cost of an iPhone is ridiculous.
Turns out different places have different costs of living.
Different places have different costs of living, and many consumer goods and services adjust to that in different markets. Apple is notorious for setting international price points insanely high relative relative to local price points.
[1]https://www.cars.co.za/newcars/Toyota/RAV4/
[2]https://cacellular.co.za/product/playstation-5-disc-version-...
In fact, someone proved that it is sometimes cheaper to fly to and back from Dubai and buy a pro model from there than buying it directly in India.