Mainly because a 1st gen phone like this will have lots of custom components inside that are probably machined in-house, which limits how many they can make. It

Mainly because a 1st gen phone like this will have lots of custom components inside that are probably machined in-house, which limits how many they can make. It then becomes rational to put a high price tag on it, to make sure they don't sell out in 5 minutes and to make the most revenue.