Replacing a low-resale value $250 Chromebook that is equally sensitive to being dropped, exposed to liquids, or having debris get into hinges and keyboards will be heavily favored over a $500 MB Neo. The Neo’s processor and storage may have better lifetime but it doesn’t mean anything if the equipment ends up bricked.
Schools in affluent areas may favor these for reasons you state. Judging on how students treat textbooks though should demonstrate how short the lifespan would turn out to be.