But now if I want some low power linux PC replacement with display output, for the price of the latest RPi 5, I can buy on the used market a ~2018 laptop with a 15W quad core CPU, 8GB RAM, 256 NVME and 1080p IPS display, that's orders of magnitude more capable. And if I want a battery powered embedded ARM device for GPIO over WIFI, I can get an ESP32 clone, that's orders of magnitude cheaper.
Now RPi at sticker price is only good for commercial users since it's still cheaper than the dedicated industrial embedded boards, which I think is the new market the RPI company caters to. I haven't seen any embedded product company that hasn't incorporate RPis in its products they ship, or at least in their lab/dev/testing stage, so if you can sell your entire production stock to industrial users who will pay top dollar, why bother making less money selling to consumers, just thank them for all the fish. Jensen Huang would approve.