Because we don't actually have final performance numbers, only Nvidia marketing numbers.
But the 4080 was overpriced and the 4080 Super cut that to $999. Plus the 5080 was incoming and AMD had to expect 4080 performance would drop to ~5070 / 5070 Ti level. I think Frank is fully accurate and not exaggerating at all when he says $900 was never in consideration. $800? Maybe. $700 or less? Probably. Because even if AMD can match Nvidia on performance, give or take, it knows that Nvidia has more software features and ecosystem stuff.
RX 7900 GRE was priced at $549, but outside of RT and DLSS it easily keeps up with RTX 4070 Ti, often 4070 Ti Super. Why was it so cheap? Because it had to be.
Again, this is bunk. AMD has given prices in the past a week or two before launch and then changed them. With the current target release date of March, we're a month away from AMD announcing prices. The pre-brief materials on RDNA4 for CES were super thin. Cards were there, but were they working samples? I didn't see anything outside of AMD's booth running 9070 XT cards. Which to me says, prior to CES, RDNA4 was deemed to be at least a month or two distant.
I mean, we saw running Vega 64 silicon about six months before launch. But it wasn't ready for retail, obviously.
I think AMD was probably hoping to do $699 at most for the 9070 XT, and perhaps $599 for the 9070. Now it will probably be $599 and $499, respectively. Unless AMD thinks performance is a lot closer than in the past, which it could be because 5070 isn't exactly a huge bump in performance relative to 4070. Same 12GB, more bandwidth, a few more shaders and SMs, similar die size, and DLSS4 MFG doing all the heavy lifting.