They've ratcheted the price up each release to change your threshold of what a fitness watch should cost. Same with phones and cars.

A $300 Forerunner 235 did all those things except the scuba stuff, which only a small number of people need (and most of those people really want an actual dive computer when their life is on the line deep underwater).

But the Current Forerunner 165 is $250 and still does most of those things (everything the 235 did), while having upgraded sensors and GPS from the 235. Garmin still makes excellent entry level fitness watches for most people and when I look around my run club, that is what most people buy.

Edit Corrected to 165, not 265.