I’m using this 3.3V LDO (https://www.sparkfun.com/products/526) to power a device which normally takes 2 AAs (3V), using a 3.7V LiPo battery. The device won’t power on without the regulator (it can withstand variance in AA voltages but only until about 3.7V total).
I realized that the regulator I’m using has a 1V dropout voltage, yet the device powers on and works just fine until the battery drains. My question is this: why does it power on when 3.7V is well within the 1V dropout range? It is supposedly not regulated at this point, correct? Is there something else going on that happens to drop the voltage just enough that the device allows itself to power on? (For reference, it’s a Gameboy Advance, and it protects itself from powering on outside its expected range).