Ralf/Paulr
There is not a PIC in the ARC4.
It is a microcontroller costing ~2.25ea in quantities of 1k, with a few miscellanous other parts necessary to make a power supply, such as a 4.7uH inductor, about 16 miscellaneous low cost ceramic capacitors (about one dollars worth), eight resistors costing tops a dollar, and about nine other low cost semiconductors. Short the battery contact, switch, and luxeon, its probably under 10.00 all told, in decent quantities.
This could describe quite a number of consumer electronics items, imho, it is the code that makes it all work properly which is the real jewel.
Kudos to the designer, it is a very low cost electrical implementation that serves it's purpose well.