Given recent Mac sales performance, stop selling M2 and replace with M3 at the same price. If it were better market conditions, they would increase the entry level M3 Air to $1,199. But that COVID and WFH boom is over.
Selling M2 for $999 and M3 for $1,099 or $1,199 is similar to what we have now, except M1/M2. So this strategy is unlikely to work in 2024 and Apple is unlikely to try a failed strategy twice.