No idea. Logic used to be quite expensive - closer to $1000, so it's not the first price cut they do.
And they've cut the price for all their software.
It's a crowded market, and a tough one, I guess it was one way for them to position themselves advantageously. It's all downloadable, they save on the packaging too I guess. And you need to buy their hardware to run Logic. And once you buy one piece of hardware from them, well, it's much more convenient to buy your phone from them, and your tablet from them, and your next laptop from them, etc...
Let's put it this way - Apple probably doesn't make as much money w/ Logic, but of all the DAW software manufacturers out there, they're probably the last one to need to worry about that.