I wondered about the unit cost, figured maybe 20 quid so similar ball park.
Somebody commented these thing're not promoted or sold as luxury but the pricing vs production costs suggests at least an element of the thinking at play when folk 'justify' other luxury purchases, just an observation, otherwise how else can a 10 x markup be justified on a plastic toy watch...and they've got Omega printed on them after all...so aren't they positioned as offering a taste of affordable luxury.