Pure speculation but the fact that it has a strap accessory. Feels like something for the younger generation. Life is on your phone. You take your phone everywhere but you don’t care about pro features. Reminds me how a lot of younger folks either don’t drive or are uninterested in it.
the strap is probably more for Asian markets. for instance whenever I go to Japan I see a lot of people still use straps (it's been a thing for years now). But here in California it's pretty rare to see slings used like that.