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I guess it would be about the ratio of the price for the screen compared to the device. Smartwatch at 600$ with a small screen vs. a smartphone at 1000$ but with a 10x bigger screen. With 10 smartwatches I would have 6000$ to spread the additional cost over.

[edit] typo

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Assuming the same (as current) prices for iPhone and smartwatch, that would be the same ratio though if we divided by the current models, so it doesn't tell us much regarding how might the new kind of screens affect price.

Only something that took into account the relative cost of each type of screen would (and, if screen area is a non 1x linear factor of cost, that too).

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