You're extrapolating all that from a phone that is manufactured in small quantities and subsidized to the point that it's basically an off-contract phone for an on-contract price selling out?
I don't want or need the thing and I'm thinking about buying it. It undercuts every high end off contract Android phone on the market by about $100-200 while also boasting a much better design and spec sheet.
This is basically a fire-sale at launch. It sold out because it's decent and market-disruptingly (some would argue dangerously) cheap.