Well overall if you sum up what even a basic m1 mb air packs, be it the panel, quality peripherals and soc itself its rather reasonable and within reach for almost anyone contemplating of buying a new computer. When you factor in that they were the first ones with an actual capable desktop arm offer I'd even say its cheap.
At least this is how I felt 2 years ago back when I bought it and more or less even to this day. I'm wondering how is the market as of now, two years later, and how the $1k arm laptops coming out today compare.