Originally posted by nocturnal Ground aspherical elements are better but very expensive to make.
It depends on the size of the aspheric element, as I recall the Nikkor "Noct" 58mm f/1.2 had a 50mm ground aspheric at the front which was massive [even by today's consumer lens standards] and that element alone was said to account for nearly 50% of the production cost. The cheaper alternative being molded aspherics have the draw back of onion ring bokeh. The
biggest element in the cost with ground aspherics is the amount of time it takes to make them* but I suppose a hybrid approach could be taken, with the molded glass being ground down slightly a lot of time could be shaved off by using the molding process to produce the more complex shaping of the glass with a final grinding being a refinement step to remove the concentric rings that appear in GMo aspherics before final optical coating. This process would be more labour intensive than producing standard GMo aspherics but would provide superior optical quality overall.
Sony did a PR release a while ago stating they had developed a molding technique that eliminated the onion ring effect by simply polishing the interior of the aspheric molds - that is certainly a viable step, and unlikely to be subject to patent.
* also the lapidary machinery used to create them is rather specialized, and costly.