I like this comment that someone posted
Not sure I would call this a 'budget tablet', it is manufactured by ASUS - who have a much better reputation for quality than Foxconn.
The basic iPad costs Apple less than £100 to produce. Apple then slap on £300 profit and sell it to mugs with more money than sense.
The production cost of this tablet is probably not dissimilar, but Google have decided to treat its customers with a bit more respect and not screw every last penny out of them.