The low end Pixel 7 is $599 (save $100 listed on their site, don't know if this is with conditions). Low end iPhone 14 is $799.

Apple supports their phones for much longer. Google for 3 years. Apple has recently supported phones for more than 6 years.

If you factor in support, Google phones are more expensive.

So, not gouging at all.

EDIT:

An iPhone 12 would have longer support than a Pixel 7 and it is $599 from Apple.

Pixel 7 is 499 of I buy it on the store right now, and gets 5 years of security updates.

At the same time, Pixel phones represent a minuscule slice of marketshare. I doubt the Pixel division is making a significant chunk of profit for Google.

Samsung sells 10x as many phones as of Q1 2022.

Google is behind Samsung, Lenovo, and TCL in the US.

The numbers are probably even worse in other regions where Huawei isn’t banned.