The best Android devices may be as good or even better than the best iPhones but the worst Android devices are much worse than any Apple device has ever been.
I say this as the not-very-proud owner of a Samsung Galaxy Europa in addition to my iPhone and iPad.
The Samsung Galaxy Europa is cheapest entry level Android phone I've seen - where I'm from the i5500 can be picked up for about €70-100. I have one and it cost 1/5 that of an iPhone and is a pretty competent Android phone. For the price it's great value in my opinion and as far as I'm aware Apple makes nothing in that price range so I can't see how you can make any sort of comparison.
YMMV Note that I am not comparing it directly to my iPhone but to the previous Samsung non-smart phone I had which I lost, which was just a basic phone. I'd honestly rather have a basic non-Android phone than the Galaxy Europa.