Often, the word 'cheap' carries a negative connotation. Talking specifically about Moto G & Moto E, I'd say they are phones that are priced correctly. Before we start talking about lack of features or compromises, just look at how much they charge for incremental memory. Just $20 for 8GB extra. Smartphones makers are slowly accepting commodity pricing and I hope they realize that skinning Android isn't always a value add.

Cool new features like fingerprint reader sure catch the fancy of those waiting to upgrade their phone. But expecting to price the phone at more than twice what they are worth when you add an evolutionary feature may not work for too long. The difference in build quality between Android & iOS phones is way smaller than Windows & Mac laptops.