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The cost of something doesn't always correlate with the technology, components, and material. A Hermes bag doesn't even have a single circuit in it compared to headphones and laptops. Yet it costs more.

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This is false equivalence. You're describing the luxury market, a vertical that is built on decoupling the raw material cost from the price tag. And in reality it is more nuanced than just raw material as there is a lot of cost in r&d/marketing/operations etc. Nevertheless, products targeted to general consumers are much more sensitive to that deviation.

> people are willing to pay more for better sound, better noise cancelling

> The cost of something doesn't always correlate with the technology, components, and material

Doesn't this actually contradict what you claimed originally, though?

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