$300 is not absurd. Its the same as a 32 GB iPhone 4, and that doesn't have the specs or the LTE that the Bolt has.
The iPhone (Apple in general) is not reasonably priced, so your argument is invalid.
I have a Saxophone to buy next month that I've been keeping money aside for. plus I'm a college student with bills to pay. $250 is already pretty out of my range of what I should be spending, but $300 is over the edge without a doubt.