[g-b-r]

Compared to iPhones yeah, they're a bit cheaper.

Compared to Samsungs, they seem to have comparable prices for less performing hardware, to me.

But what about all the other phones?

Are all Chinese manufacturers selling at a loss?

[DANmode]

No, their costs are way lower.

[g-b-r]

How?

Pixels are manufactured in China, Vietnam and India.

Maybe their flash gates are made by hand, given how much more they ask for decent storage amounts...

[DANmode]

But not sold there,

so not sold at the same rate.

Price goes down when you do a run of 10 million boards

vs 1 million.

(and or the facility making them is yours!)

[g-b-r]

Chinese phones are a lot cheaper everywhere, and some brand is likely to sell less than Google.

Not to mention that the Pixels were a lot more convenient years ago, when they sold a lot less.

I think you're clutching at straws here, Pixels were cheapish in the first versions, but are not anymore ;)