I can get a (used) fanless laptop and a USB GPIO/I2C/SPI/CAN/whatever adapter for that money. Raspberry Pis started at ~$30 for a minimal configuration. They were so cheap that they killed the whole overpriced range of $100 to $200 dev boards by vendors that tried to make money of dev boards for their chips.
They have to be cheap enough that tinkers leave them in their projects.
You might be surprised how small a laptop motherboard can be. Once you take away screen, keyboard, battery, speakers, daughter boards and all that, you can have an actively cooled motherboard as slim as a pi and not much bigger.
If you need something really tiny, an esp32 can do a lot of what we used to use a pi for. Driving an eink display for example
They have to be cheap enough that tinkers leave them in their projects.