The $1000 product has 8gb of ram, the $1400 air is the one with the equivalent ram and memory specs.
Look at the m1 Mac vs the m1 air, and the m1 MacBook Pro vs the m1 studio. The m1 air comes at a $300 premium, the m1 MacBook Pro comes at a $900 premium. Incidentally meaning that the m1 pro 8 core chip is not coming at a price premium over the m1 air 8 core chip.
I think the idea a webcam, a screen, a trackpad, a battery, a case, and a keyboard is worth $900 is what's eyebrow raising about Apple's pricing but at the end of the day professional users are price insensitive and Apple understands that. The other issue is that integrated SSD and memory, for any brand not just Apple is a bit of a racket compared to buying some workstation laptop with so-dimm slots and an NVME slot.