With the amount of power this thing packs, the price certainly isn’t surprising. For those three Benjamins and a Grant, you get this:
NVIDIA Tegra 4 Quad Core Mobile Processor with 2GB RAM (ARM A15 CPU)
Display 5 inch 1280×720 (294 ppi) Multi-Touch Display
Storage 16GB Flash Memory
Problem is, it becomes a really niche product at that price. Considering the PS Vita is at $250 with Nintendo’s first model at $170, it won’t be outselling those two anytime soon if you’re applying the law of price and quantity. A bigger problem however, is the games; every other phone on the planet runs Android. What do we have for exclusives?