SEonline

The LG 27in is the only competition and I don't think at $300 less it's a better value. I'll rather have the Mac Studio Displays dolby atmos capable speakers, 12mp camera, 100nits more of brightness, 3 array mics, faster 10GB USB-C ports, and the ability to charge my MacBook from the display over saving that cash. Not to mention I think it looks way nicer. 

Applecare + does cover water damage you just have to pay $99 instead of the $29 to get it repaired.