Surprised the PPD is that low
Given that resolution, but it makes sense. I haven't actually seen/used one so I don't know how it looks in practice - would it seem less sharp holding an iPhone a foot from my eyes or a 4K TV at normal viewing distance? If so I wouldn't be surprised if Apple plans to actually increase that pixel density in the future, as display technology and GPU performance permits.
Perhaps might be one of the differentiators in a future cheaper "Vision" vs "Vision Pro". When they can deliver something like the current config for $1500 in 2-3 years to reach the mass market, they can have a Pro version with even higher pixel density.