Sounds like a typical first generation new device from Apple.
Generally, 1st generation new devices have low benefit to cost ratios, are trying to enter a market with the absolute minimum requirements, and the successive generations will include some kind of hardware bit that makes the device much more useful.
Generally, 1st generation new devices have low benefit to cost ratios, are trying to enter a market with the absolute minimum requirements, and the successive generations will include some kind of hardware bit that makes the device much more useful.