Since when is HP a premium brand, either by reputation or pricing?
To you and me, it's not. To the average schlep who knows about as much about computers as we do washers and dryers, HP is a top-tier brand because their printers are literally everywhere. The more they see the brand, the better they think it must be.
Especially in the storage market, where they're a small player (as I mentioned previously). None of their previous SSDs have been expensive, even when fairly performant (e.g. the EX950) why do you think they'd suddenly change that for a mediocre-spec'd drive like this?
Same as before, WE know that they're a small player but we are far more knowledgeable than the average person. We just sometimes don't realise it.
This has the specs of a budget drive, and there's no reason to think it'll be priced otherwise.
There is one
huge reason to think that it'll be priced otherwise. HP won't want to "cheapen" their name. They want their brand to be seen as expensive because that translates into "elite" in the mind of the average, ignorant human being.
Chris Farley and David Spade starred in a 90s movie called "Tommy Boy" and in that movie, the great Dan Aykroyd had the best line that I've ever heard in a movie:
If you watch the entire clip, you'll see just how powerful brand marketing can be. GM has been doing it for years. Consider their old J-Body platform:
Chevrolet Cavalier:
Pontiac Sunbird:
Buick SkyHawk:
Oldsmobile Firenza:
Cadillac Cimarron:
These are all the same car (in case you couldn't tell) and all existed at the same time (up to 1988) but people were willing to pay
a lot more for the Cimarron just because it had that Cadillac badge on it. You could tell these fools that it was just a Cavalier with a Cadillac badge but people thought that it must be different because it was more expensive and it was a Cadillac, not a Chevy. A perfect example of budget specs without the budget price.
People (like me) who were automotive enthusiasts were aghast that GM would try something like this but it worked (for awhile). People saw the Cadillac name and it was at a price that they could stretch to afford so they bought it. Why do you think people still buy Land Rovers today when they're absolute garbage? People don't know any better, plain and simple.
Truth doesn't matter in capitalist consumerism, only perception does.