Personally, I'm glad Apple chose to price their new iPhone Air where they priced it. For what this iPhone has I feel it was priced fairly well in between the iPhone 17 and their Pro series iPhones. Prices for these phones have gone up exponentially and it has been crazy with their top of the line 2TB Pro Max costing $2k. No thanks to pricing them even higher.
For the 1TB Air you're already looking at $1400 and to me this is more than high enough.