A Reuters report today says that the iPhone X costs Apple much less to manufacture than you might think, despite it being the most expensive iPhone on the market.
According to TechInsights, a company known for dismantling and valuing device components, the iPhone X has a manufacturing cost of $357.50.
So in comparison, with the iPhone 8 Plus there is a very big difference since it costs Apple about $288, a slightly higher amount than the iPhone 7 Plus last year, which cost about $277. Apple's profit from the iPhone 8 reached 59 percent, as the devices are sold for $799 (iPhone 8 Plus) and $699 (iPhone 8).
According to the TechInsights report, it appears that many of the parts found in the iPhone X are more expensive than those in the iPhone 8 and iPhone 8 Plus. For example, the 5.8-inch edge-to-edge display costs $65.50, while the stainless steel frame costs $36, so the two together cost just over $100.
But Apple sells the iPhone X for $999 in the US, and that price is much higher in other parts of the world, such as Greece, where the price will reach 1,200 euros. So even though the device has better parts than the iPhone 8, the profit for Apple is very high.
If you subtract (1000 – 358), you will see that the profit for Apple reaches 642 euros per device… Let alone devices that cost around 1200 euros…
