Sure, but when applying Marketing Math™, remember that all prices need to end in "49" or "99" to "sound cheaper" than the next incremental bump. So you'll end up with a device that is either $50 or (more likely) $100 more than otherwise.

Or they'll eat that $1 from their profit margins…eh, who am I kidding?

If they're rounding to the nearest $50, they're doing it based on the final cost. They're not going to base it on a what-if scenario of having a cheaper development team. So it's more or less a 2% chance of the price going up $50.