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Gurman says cheaper Apple Vision Pro successor in the works
(www.ibtimes.co.uk)
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It's the beta test that people will pay $3500 for to be beta testers for Apple and claim "first!" status. Then they'll come out with a $1000 to $1500 "regular person" model.
It's not really surprising, it's probably the best way to develop something when you're unsure what the market is and what the technology requirements are. Making a cheap product first just means doomed to failure because all people will see is cheap. Make something good first, and people will remember that.