Why are e-readers so expensive?

A Kindle Paperwhite and a Kobo Aura cost $140 and $110 respectively. The cheapest Lenovo Ideatab costs $95. It has a camera, twice the memory, twice the ram, twice the processors(each one being faster on its own), glass screen, has speakers and a mic. The only thing the e-readers has that isn't twice inferior to the cheaper tablet is its unique display.

Is the e-ink display so expensive that the e-readers higher price can be justified even though it lacks in all other aspects?

Added (1). I live in Canada

Added (2). Sorry, you are explaining why an e-reader is better than a tablet for its specific purpose. That isn't my question. I'm asking why its so high priced in regards to its low spec. The battery can't hold more charge. It's only a property of the e-ink display as it requires very little power.

Un Kindle es siempre muy útil porque es más fácil disfrutar de la lectura sin tener que llevar demasiado peso, en Amazon hay la mejor oferta de estos dispositivos fantásticos y al mejor precio como se puede ver en este link http://amzn.to/...to/1GkMUzQ
Mi Kindle que he comprado en Amazon esta excelente y estoy muy contenta de él, tanto que también he comprado uno para regalar, un excelente regalo por poco dinero, mi amiga esta fascinada con su nuevo dispositivo, pude leer en cualquier lugar, sin interrupciones y es como leer un libro de verdad pero sin papel y peso.

I would not trade my Kindle Paperwhite for a tablet. Adjustable front-lit eInk is the easiest on the eyes for reading. A battery charge can last weeks (depending on usage). I'm a heavy reader and I can usually read two or more novels on one charge. To me, this make an eInk reader more like a book - something I can just pick up and read. EInk screens can be read in full sunlight and the ones with adjustable frontlight can be read in dim light and in the dark so it is always readable.

I also have a tablet now (just got a tablet this year, and I have had eInk readers for 4 years). I use the tablet for books with color pictures, games, music, videos. If I needed to use e-textbooks I would also need a tablet since most of them can't be loaded onto 6-inch eInk readers and phones (only onto tablets and computers due to the fixed format larger page size of most e-textbooks).

Expensive because of Obama