It might have been a little more expensive but not $450 expensive. Sony doesn't focus on a blue ocean strategy with their gaming devices and typically sells their hardware for a small loss. So maybe it would have sold for $300 - $350?
Nintendo is already making upwards of $100 per device sold. Which makes you wonder why they didn't spend a few more dollars to address stick drift or the screen quality, or gosh, include a 35 cent tempered glass screen protector.
These are the sorts of things that add to the anti-consumer pile on where anti-fan behavior, aggressive legal authority, and maximum profitability at any cost take the strategic lead.