This radio was first introduced in 2020. Its price in the UK has recently been reduced. My personal opinion is that it represents much better value than the Yaseu FTX-1.
I have no idea what plans ICOM has for the future, but an IC-705A with a new form factor, an auto ATU built in, 4m, and USB-C socket would not surprise me aimed at the portable handheld market. They have the electronics, and could even use the same case.

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