Copy paste from my other post:
And yes that $700 price is ridiculous. Why so you ask? Because I just bought (and returned) an 808 Pureview for $400. The Lumia 1020 actually has an even SMALLER sensor than the 808, 1/1.5" instead of 1/1.2". The Lumia 920, which released last year, had an MSRP of $450. It should cost even LESS now to make for Nokia. You combine the current cost of the dated budget-like 920 and the cost of a SMALLER 808 sensor, it in no way equals a whopping $700. You also have to subtract the cost of the 920's camera since its not used, the wireless charging which there are none, and the lower price of the budget internals. You seriously can't expect whatever little R&D was done to fuse the two to be worth an extra $200-300. The $700 is just grossly overpriced. I wouldn't mind as much if it had a snapdragon 800 in it and a 5" 1080p display (ARM processors are CHEAP if you actually look at the bill of materials, and the extra cost from 4.5" to 5" 1080p isn't that much since its such a commodity), and even then, it would be overpriced. Not to mention its an ALL-PLASTIC phone. Polycarbonate is a fancy word for plastic.