Why Shiey’s camera l Sony RX100 VI so expensive?

So, I’ve been looking into the Sony RX100 VI because I saw that Shiey uses it in his videos, and I can’t help but wonder why is it so pricey? I mean, there are plenty of cameras in this price range that have better specs, like bigger sensors, interchangeable lenses, and way more options.

Is it just because it’s super small and fits in your pocket? I get why Shiey would use it he probably prefers something compact since carrying around heavy cameras isn’t practical for him. But for the price, it seems like you could get something like the Sony Alpha 6600, which offers way more features.

Are there any camera experts here who can explain what makes the RX100 VI so expensive? Like, is it just the size, or is there something else about this camera that justifies the price tag? I’m genuinely curious!