It is nevertheless still open to criticism. From dpreview.com:I see a lot of people criticizing the Studio Display but it really is something else. I have yet to find any other display on the market that matches it on DPI and color quality. I think the simple truth is that Apple charges what it does for it because it can. There's simply nothing else comparable.
Even that LG Ultrafine 5K display doesn't measure up. I've compared them side by side. The LG's colors look duller and it has colored banding in greyscale sweeps.
Yeah, it sucks that Apple's less expensive display option is still expensive, but I blame the lack of competition. Even not having HDR and such it destroys everything else. Luckily the few issues that have come up have been fixable with software updates.
"I'd much rather Apple had budgeted the $1,600 differently by swapping the webcam, speakers, and microphones for a miniLED backlight and a true 10-bit panel that covers 98%+ of both DCI-P3 and AdobeRGB. That's what I consider a 'Studio' quality display...The Studio Display is an excellent monitor with some really nice features, but it's expensive, and a lot of that money is paying for features that many creatives don't need from a 'studio' display for professional work."

Apple Studio Display review: An excellent monitor at a steep price
Apple's new Studio Display is an extremely color accurate IPS LCD with a bunch of unique features and exceptional build quality. But with a price tag of $1,600, you really have to value those extra features. For Apple, this is a missed opportunity to give the creative community a smaller, more...

It seems what Apple did was to package a consumer-grade display (not much different in performance from that on the 27" iMac, which cost nearly the same and came with a whole computer), add some features most studio professionals don't need, and then charge professional-grade pricing.