They're currently still selling the 3-year-old M1 MacBook Air as their "economy" laptop - wouldn't be entirely surprised if that was gone by this time next week - they're going to want to stop producing M1s before long. That could bear being replaced by a proper, up-to-date "economy" line (plain old "MacBook"?) - I've never liked the "iPhone" technique of using last year's model as the entry-level model.
It makes good business sense to use last year's model as a lower cost offering; given R&D is likely fully amortized and component prices likely gone down as well. That keeps margins high so there is no good reason to spend money on a lower margin product.
Spectacular base prices. Absolutely bonkers option pricing. $400 to go from the 8/256 to 16/512 configuration?! Unjustifiable!
People pay it so they obviously find value in it. You charge what the market will bear.
The only way that Apple can have any significant worldwide market share is by offering a low-cost Mac. The high price is the main reason why Macs do not sell as much as Windows PCs.
Apple isn't going to cut margins to chase market share. There is no reason to get into price wars. People buy Windows for a lot more reasons than costs, companies need the device management, network management, etc. options for example.
Unfortunately, Apple is not run by visionary leaders, or even someone like Steve Jobs. Apple is run by MBA, and someone who is obsessed with maximising shareholder value to the detriment of literally everything else.
That's his job. Many may not like his choices they have clearly been good ones given Apple's valuation.
Smaller bezels. They could fit at least a 12.5” screen in the 12” MacBook chassis.
A 12.5 inch screen is so close to 13 that there would be little difference between the 12 and 13 inch devices; if you make the chassis as small as possible you're leaving about 10" for a keyboard which I suspect many good typists would find too cramped.