Spending $300 on a phone is not something anyone anywhere in the world does if they are on a budget. In some corners of the world, $300 is close to a monthly wage. How out of touch can someone be to claim this price tag is something someone spends when they are on a budget?
The reason why Chinese manufacturers like Huawei are gobbling the smartphone market in particular and the telecommunication sector in general is that they understand what "budget" means. Their product line targets budget-minded consumers, with plenty of models that cost less than $150. You can get low-end models for around $50. What could possibly suggest anyone that "budget" implies a price tag that's 6 times greater than that?