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$649 iPhone 7 estimated to cost Apple ~$220, here's the component breakdown
According to a new report by IHS, Apple's component costs for the iPhone 7 have risen compared to the previous iPhone. This means you are technically getting more bang for your buck when you buy an iPhone. But don't fear, Apple is still making a tidy margin higher than the industry average.The report says Apple's bill of materials for a 4.7-inch iPhone 7 with the base 32GB storage is $220.80. Apple sells this iPhone 7 for $649 at retail so there's plenty of room for Apple to make money. Full breakdown of component costs after the break …
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