Magnum_Force
Newcomer
I think this idea always ignores the potential negative effect the pro ski may have on the cheap one. Cheap asses don't buy day one. Launch day consumers are looking for the latest and greatest. Who among those would want to the cheap one. They'd be left with a model nobody wants because it's perceived as the lesser, and one few can afford because it's too expensive. It's a risky move.
Potentially, but not as risky as letting your competitor launch a more powerful console that steals some of your market share. Competing with yourself is not ideal, but it's better than losing out to a competitor. Look how Nvidia or Intel (up until Zen) managed. Halo products count.