What is the primary reason for the cost difference between the two devices? For example, in my country the newest iPhone (iPhone 8) costs about $1,070 at the lost configuration (normal size, 64gb), while the newest iPad (Just the generic iPad, no cellular) costs less than half that at around $465. This is a significant difference.
It may seem rather naive to assume that the larger device would cost more. And I do realise that the current iPad has a slightly older processor than the iPhone. But the iPad does have both a larger screen and battery, amongst other costs. Is it based on the manufacturing price, or is it more to do with the market and how much people are willing to pay?