Why is Meta Quest so expensive?

I've been hearing a lot about the Meta Quest, but I can't help but wonder, why is it so expensive? It seems like a great piece of technology, offering immersive virtual reality experiences, but the price tag is definitely steep. Is it because of the cutting-edge technology involved? Or is it due to the high demand and limited supply? I'd love to hear your thoughts on what drives the cost of the Meta Quest and if it's worth the investment.