That's like saying the G25 steering wheel is £2000, because you can buy loads of stuff that doesn't come with it, like a brand new PC and 24" monitor.
The iPhone was £269 the day it came out and it is still £269. Even if you buy it from an Apple store it is still technically an O2 phone. All iPhones in the UK are O2 phones, weather u buy it from an Apple store, Carphone Warehouse, or O2.