Considering that $700 is the price of the unlocked aluminum version, $483 seems quite a reasonable price for the plastic version
One of the most loved things about the new HTC One (M8) turned out to be its classy aluminum body and it largely contributed to the success of the phone being one of the strongest selling points. However, a premium quality always comes at a premium price and the HTC One is no exception. This means that a lot of people, who do want to have the new flagship, will have no other option but to forego it simply because they cannot afford the price tag attached with it.
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No worries now because HTC is going to take care of this and their competition by launching a cheaper version of the phone which will be fashioned out of plastic. This is not only entirely for the benefit of HTC potential HTC customers but it also plays a nice tactic to deal with the prices of Samsung.
Poeple will be getting the same range of specs within less cost because the phone from the inside is going to remain exactly the same. The only difference will be the body of the phone; it will no longer be engaged in a metal body. Considering that $700 is the price of the unlocked aluminum version, $483 seems quite a reasonable price for the plastic version.