More than ever, I do believe that Apple cuts corners in design, materials, quality assurance (both hardware and software), but you are still likely to get a satisfactory product.
As their product margins increase though, customers are getting less value for the money paid.
Around my city, I see $7-12 pastries. They are worth $1.50-$4 imo, but people still buy them, because either they don't have real choice, or the products are still better than the alternatives, especially when other variables are considered (such as location, convenience, etc.).
Businesses know this and exploit the customers. Of course, they can blame it on inflation, on climate change and environmental considerations, claim superior quality, etc., but they charge that much mostly because they can.
Apple does the same thing. You will have to decide for yourself.