( snipped-for-privacy@despammed.com) gurgled happily, sounding much like they were saying :
The fact that there are GPS units available retail for £60 or so shows that the GPS chipset is dirt cheap - and under a tenner doesn't surprise me at all.
Take out the cost of the retailing, the distribution, the packaging, the manufacturing and the rest of the "receiver", and you're not left with a lot for the chipset.