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That second generation model is expected to cost hundreds of dollars less than the first one. It’s expected to be released in 2025.
Won’t have me complaining, there’s no way I’m willing/able to pay $3500 for a device like this, but a smaller supply due to manufacturing during the first year or two will still have the same effect of establishing a market and ironing out the kinks before its more mainstream.
If anyone can overcome these obstacles, it’s Apple.