iSuppli’s teardown of the Samsung Galaxy Tab tablet reveals a $205.22 bill of materials (BOM). After looking at the innards and features of the Tab, iSuppli called the device a “large-scale smartphone,” as opposed to a true competitor to the iPad.

In a previous teardown, iSuppli estimated a $264.27 BOM for the 16GB 3G version of Apple’s iPad.

iSuppli’s director and principal analyst of teardown services, Andrew Rassweiler, said Samsung has aimed to reproduce a larger version of its Galaxy S line of smartphones. “While the design approach makes the Galaxy less expensive to produce than the iPad 3G, it also makes for a product that lacks the same usability,” Rassweiler said in a press release. 

Rassweiler notes that while the Tab doesn’t match the iPad’s functionality overall, it does top Apple’s tablet on a couple of fronts. The Tab features a gyroscopic Microelectromechanical Systems (MEMS) sensor for gaming, and a front and back camera.

iSuppli estimates that the Tab carries a $9.35 manufacturing cost, which brings the total cost of materials and production to $214.57.