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Why Google Can't Sell Expensive Products

Google announced its first phone and many people wondered why it's as expensive as an iPhone. Nexus phones were sometimes inexpensive (Nexus 4: $299, Nexus 5: $349, Nexus 5X: $379) and sometimes more expensive (Nexus One: $530, Nexus 6: $649, Nexus 6P: $599). Now the 5-inch Pixel costs $649 in the US, while the 5.5-inch Pixel XL costs $769, which is more than any other Nexus phone.
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