You can't do that. Apple prices their production at the premium end of the spectrum.
The iPod shuffle costs how much ?
It is not so much premium price necessarily as it is cost of components. It is much cheaper to get a not quite as high quality LCD panel as it would be to get a LCD panel with higher color fidelity and higher view angles.
Milling aluminum, green components , and other things Apple does costs more money. That is not to say they also don't slap a considerable profit margin on the devices. However, that doesn't mean the can't operate at lower levels if the component costs don't enable that.
Sure you have that $300 notebook, but look at where Apple prices their lowest-end notebook.
Have to compare similar products. Broad sweeping category labels like "notebook" are not going to lead to sensible "Apples to Apples" comparisons.
If it is largely the same bill of materials then it is reasonable. If comparing Atom CPUs and 2GB to CoreDuos and 4GB it is an "Apples to Oranges" comparison.
The Asus $300 notebook doesn't compete with the $800 Asus notebook either. The $800 Asus notebook would be closer in bill of materials to the Apple offering.
Having read all I've read, thought about the possibilities, etc. my low-end guess is still at $799 unsubsidized, which, in marketing-speak is "not anywhere near $1000", with pricing as low as around $399 with a 2-year contract with AT&T or Verizon.
If sell a no 3G , no GPS , WiFi only with 8 GB or flash version probably could push into the $500-600 range that folks are talking about. Lots of folks are going to grumble about the missing features but still would be in the lower range. [ NOTE: the kindle DX has 4GB of flash so 8 GB would be double. Skewed toward media reading and not trying to tote around the Library of Congress that is plenty of space. ]
That's how Apple brings things back into range by trimming off value for a lower price point.
Folks wanting it to be just slightly above a Touch. Not seeing it. Just the extra aluminum (and finishing costs), glass, screen, battery, and other stuff that comes along with being bigger is going to put a sizable gap between those two.