It's not about the price, at least not primarily. This will be the same trend as Microsoft pointed out during their earnings call:

During the pandemic lockdown, everyone who needed new hardware bought it. It was this massive global event where millions of home computers and consoles that were kinda alright because they didn't get used much suddenly got an upgrade.

This is just the opposite side of that trend. Machines that were slowing down in 2020 and early 2021 got replaced, and those are the machines that *would have" died in 2022.