It functions like an instrument that is designed to be used. Treated with reasonable care, from -30C to 100%-humidity-condensing conditions at the freezing point, it has consistently gotten the job done. It is compatible with a huge range of glass, and it all works. The interface stays out of the way -- when I'm making images, I'm never worried about the camera, just the photography.
When I'm working, the camera is always powered on. The battery lasts for weeks in that mode, yet when I depress the shutter halfway, it begins to lock focus in tens of milliseconds. With gloves on.
When these cameras are released, there are rarely, if ever, hardware revisions. They work that well on the day that they are shipped to the first consumers.
For me, the cost (and the value) is in the R&D and the ecosystem.
I suspect the problem here to be scale.
I suspect that those are above a $300 BOM given the display, sensor, and plethora of mechanical things (buttons, threads, etc.).
Mechanicals are very expensive compared to electronics. And cameras have LOTS of mechanical thingys.
You don't need the latest and least supported by third-party tools camera for most things. A $500 body with a $100 prime lens will outperform a $1500 camera with a kit lens.