Yup. It reaffirms my opinion of Apple pricing. They're super competitive on the high end, but they kinda gouge you on the low.
If they're using an IPS panel over a TN, I could probably justify the price. But...do we even know if it is?
My mom was inflicted with the "Windows bug" for a while thinking that she needed to buy a Windows computer to get a cheap computer. After a couple of years of problems, I convinced her to get a Mac mini, and it's been happily serving her needs for the past 7 years with zero (ZERO!) maintenance. Just keeps on ticking... and the machine cost her $599.
Apple does NOT gouge on the low end. That's a straight out lie.