I don’t think people here understand the pricing for this market category. This is not a phone case or a container, it is a handbag/shoulder bag, which can go for $100-500+ (do not underestimate the long tail for this market). The prominent display of Issey Miyake branding is indicative that this is a foray into fashion. Whether it looks good, or whether the Apple Pocket will be fashionable, is an open question, but it would be stupid and brand damaging for Apple to price this item lower.
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