Only mention of the processor is from the Datawind CEO, who says it's from a U.S. company. He also says the screen is the most expensive component but is still under $10, so obviously the processor is less expensive than that.
I wonder what the performance will be? There is no mention of the processor? It looks like a great idea for getting tablets out to the masses but I wonder if it will be robust enough and have long battery life before replacement is needed. Still, compared to some of the cell phones available now it seems doable for the $60 price point.
I believe you are correct eewiz. The company, Datawind, says it can make a profit at the retail price of around $60, which is frankly surprising in itself. The $35 price for students is heavily subsidized by the government.
So what happened to the $10/$100 laptops? A product has to make money to sustain itself. If the goal is to provide poor kids with access to computer and internet, the mobility should not be a priority. It is perfectly feasible to build a reasonably good PC under $100 from refurbished parts.