Oh, I'm sure there's more money being spent on these phone, but there's still at least a 100% profit being made I would think
True and there is nothing wrong with it. Customers pay for a brand name and quality. Not everyone can make such product. The product is the device, engineering, past and future software development, marketing, distribution channels, customer service, support and additional services (free cloud storage, for example, backup options, compatibility with other products, etc.), warranty conditions. There are just few major players on this market. The other option is to purchase on eBay something from Xuangxichou Inc. (Google doesn't know about it) in mainland China for $50 - smart watches, phones, tablets... they can make whatever you like. 30 business days delivery, no support, no updates, sometimes works... and has a color screen too, with 10200mAh battery (120mAh real)... with user manual in language (they call it English) you don't understand a single word. The choice is yours.