BaldrSkies on 21 February 2013
Hardware component costs are a bad way to actually place a value on a console because it fails to take into account the R&D costs associated with developing the device.
This includes everything from designing a functioning device, to developing the OS, to distributing test and developer models, to building the network infrastructure to support the device, to paying the man-hours associated with developing the device, to potential productivity lost on other projects by devoting said man-hours on this project instead, etc.
I realize people want a simple way to put a value on a product but it's not simple at all.
