The term "sucker punch" comes to mind....
Apple is ALL ABOUT profit so why is anyone surprised that they have a "loss leader" product just like the grocery or car dealers.
Years ago, cars had a base engine, usually four cylinders, that would move the car and accelerate modestly. The next step up was the straight six, but for just a few thousand more you could get the V8. Note gasoline prices in that era were sub one dollar....
If you buy the Kiddie meal at McDonalds, are you surprised that you get less food? Spend more and get more to eat.
Apple has always been a Pay to Play company. The price points are like a stair step, kids get a very basic (and disposable) model, adults get the better models and then professionals that need the maximum performance get the top price equipment.