On paper yes… but I really do not see a reason to be upset of that too much.
I have the Lumia 950XL, the Xperia 10 II & III and the C2 next to eachother here, and if you are not very much looking for it, it is enough PPI on all of them to have a pretty sharp image. It looks much better than you very likely think it would.
And what many people just don’t understand:
A higher resolution comes with big drawbacks – you need much more powerful GPUs and CPUs to render out a lot more pixels and more energy is consumed by those screens like that.
And that means:
Less FPS, less battery life for a pixel density most would not notice in the first place or only next to each other.
Which is more important to you is up to you, for me it definitively is more important to have a longer lasting, more snappy smartphone instead of a higher resolution I do not notice anyway. (not to say what happens if you take into account that most people do have slightly bad eyes anyway… ;))