The Lumia 900 is a hell of a phone. It's also cheap, but it's not for lack of quality parts: iSuppli crunched the numbers and determined it costs $US217 to build and manufacture. That's more than the iPhone.
For comparison's sake, the 16GB iPhone 4S costs an estimated $US188 to build and retails for $US200. The Lumia's component prices are about the same, but strangely, it shoots ahead with an expensive screen compared to the iPhone. The Lumia's screen is larger physically, but has a much lower pixel density than the iPhone's retina display.
Nokia — and its partner in crime Microsoft — desperately wants to get a foothold with the Lumia line of Windows Phones. It seems that Nokia's willing to massively subsidise hardware to gain market share. If it works, it's absolutely worth it. If not, well, that's a mighty big bill Nokia just stuck itself with. [iSuppli]