People have said the same of the first Porsche Cayenne, yet the Porsche SUVs have been outselling their sports cars for years.
That abomination is for porsche wannabes looking for an excuse to be better-than-you, there is a huge market for those
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They are priced for wider appeal and a different target group. At my local dealer I have the impression it's mostly a certain kind of owners (who got it from their partner that bought a 911) but that's purely anecdotal. Don't think this works for Ferrari, but then again I see also quite some Lamborghini Urus which I will never understand