Yes pretty much as it's not for "Security Reasons" as many NVME M.2 drives such as Samsung/Hynix already offer built in hardware encryption. It's straight up pure profit at this point. Apple is making tons more profit off an upgraded M4 mini with 32gb/512gb that's literally twice the price of a base mini vs buying 2 base mini's.And yet it provides basically no benefit other than massive profits for them
Apple should be getting raked over the coals publicly for not using standard interfaces for storage