There is market for cheap new things. But this is at price point that for most people in the world it is not anymore "cheap". Around 100 is at level you kinda need to think about it. If it was half of that like Pis used to be back in time I would agree for it to be cheap.

Specially when you start adding up things. Like monitor, mouse, power. The total adds up and somehow it doesn't feel like great deal for most income levels.

Same goes for their other products. Numbers just don't make sense for lot of people.