“an all-in-one subscription that bundled together your choice of Pixel phone, Preferred Care protection, Google One cloud storage, YouTube Premium, Google Play Pass, and (optionally) Fi Wireless service.”
IMHO this was a good deal for Google, you paid $1300 for getting a phone worth $800 AND due to the subscription you were entrenched in the walled garden giving all your data to Google. Win-win for them