Edit: Of course, I am assuming there wasn't a substantial subsidy from somewhere, but from my point of view, it didn't have a contract attached.
But 10x faster (or capable) and 2x the cost? That's not outrageous. BTW that's where we currently are.
https://en.wikipedia.org/wiki/Motorola_Atrix_4G#Webtop
https://en.wikipedia.org/wiki/Ubuntu_Touch
Have you been in a coma for 5 years? That has already happened.
The most power hungry component is the display... The technology there has not kept up, in fact they grow bigger and consume more power.
If making smartphones is really as easy as you make it out to be, and smartphone prices are rising, then why isn't that being captured in the global profit share? Considering that Androids are vastly more popular than iOS phones, there would be no reason why Apple's getting 62% of global profits.
[1] https://www.statista.com/statistics/780367/global-mobile-han...