iPhone X Has Sweet Markup

It's no secret that margins on some products are significantly better than others. The iPhone X is a perfect example of a premium product that doesn't actually cost Apple premium money to build - but it does make them some pretty sweet money based on the margin. In fact, this little $999 wonder costs Apple a mere $358 in parts. Add in a little R&D some labor thanks to robots and child-labor at Foxconn and you've got yourself a money-maker.

Tech teardown firm TechInsights is reporting that Apple's newest iPhone, which costs $999 for the 64GB model and $1,149 for the 256GB model, only costs about $357.50 in parts to make. The profit margin for the $699 base iPhone 8 is also around 59%. The numbers reflect the cost of just parts.

Source: Neowin