The iPad mini may cost just $190 (£120) to manufacturer, but expect Apple to make a large mark-up on that when the device goes on sale in October (that's if the iPad mini 'confirmed' October release date is correct.) See also: iPad Mini price in UK.
The entry-level iPad 2 costs £329 (or $399 in the US). The iPod touch retails at £169 ($199). It would follow that the iPad mini price point would be somewhere between the two prices, so we could feasibly be looking at a £250 price point (or around $300 in the US, before tax).
The manufacturing cost, based on leaked part information, comes in at around $189.32.
The shopping list includes memory at $13.50, an A5 processor at $13.50, a display at $48.54, a battery at $12.75 and a camera at $2.50. The complete price list is available on the Tech-Thoughts blog. Author Sameer Singh aims to give an "analyst's perspective on the mobile industry" in his blog.