These are headphones there is no need to update them all the time. AKG is selling models that are decades old and the price never came down really. Sure, those are just big driveres in an encloser, but even active headphone don't neccesarily need new hardware all the time. You know that the Sony ones, that are still considered one of the best NC headphones came out in 2020 and their predecessor in 2018. There is absolutley no need to keep churning out new models so often.The AirPods Max really were the biggest shocker of the event. Like you said, I can’t believe they didn’t even put the new chips in that the AirPods Pro have for over a year now and still ask for the same price as four (!) years ago. It’s like keeping the iPhone 12 Pro in the line up and selling it for the same price as is 2020. It’s ridiculous. I really hope no one buys them.
I think people are always looking for the next super cycle and think if it's just incremental gains, no one will upgrade.
What they forget is that the vast majority of Apple's customers don't upgrade every year, but rather every 3-5 years, which means today's devices are MILES ahead of their previous Apple devices.
It is also a good thing that you can use your devices for longer and don't feel the pressure to upgrade all the time. Phones have especially come to a point where there is no need to innovate all the time. I'm OK with small updates and waiting for something significant to change. Constant growth is anyway unsustainable.