New Chromebooks and Chromebit stick start at $100
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The secret behind these low-cost devices is the RK3288, a very inexpensive quad-core Cortex-A12 ARM architecture processor, which was launched in mid-2014 from Rockchip, a Chinese chip maker that's little known outside of industry circles. Because the chip can draw as little as 3 watts of power, the Chromebooks based on it are designed without fans, and can last all day on a single charge. You also get 2GB of storage, and a 16GB SSD in all 3 devices.
With fewer than 25 million Chromebook sales last year (opposed to more than 302 million PC sales), Google still has work to do. And thus today's announcement. Google and its partners are lowering prices further while chasing the one commodity laptop users value most: battery life.
Besides, a Chromebook is only $50 more than the Chromebit... so if you want the laptop form-factor, you should spend the extra $50 and get the former, ready to go out-of-the-box.