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To help shed some more light on this.....

take the samsung galaxy s7 comes with 64GB (more than the NS) of storage, a battery, both front and rear cameras, 4GB of Ram (same type and amount of ram in the NS) a more expensive SOC (yes its processor costs more than the tegra used in the NS), fingerprint sensor, and a QHD screen (4 times the resolution of the screen in the NS)

All that, costs under $255. Any iphone you see costs under $270 to make.

So why exactly does the NS cost $299 again?