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Well, just this week a purchased a HP Stream 7 Signature edition for £50 (~=$50). Microsoft is definitely in the market.

I got one for my wife about a month ago. Paid about $100 dollars for it, she uses it almost every day for email, Facebook, and browsing the internet.

For technology, the currency difference is almost entirely lost in poorer buying power and tax inclusive pricing.

eg. a 5K iMac is 2499 USD and 1999 GBP. That makes it about 3000 USD. Using that basis, the £50 tablet would retail in the US at 60 USD.