[Kirby64]

Prices are relative. Not many folks in the US are buying $50 smartphones. Sure, you can buy a smart phone that is $50, but it sure is a crappy smartphone, at least in the US. We're talking about US market here, obviously.

Obviously there's markets that need to be serviced by super cheap phones... but it's a much more brutal market to compete in.

You also need to sell literally 20x the amount of $50 phones as you do a $1000 phone to make the same amount of money (assuming your margins are the same... which they likely are not). Nobody really wants the super low end budget segment, the numbers are just bad.