The new iPhone X also called iPhone 10 costs apple approximately $412.75 to produce the phone. Check out the cost of each component used below

The most expensive component is the 5.8” OLED panel manufactured by Samsung. It’s price is $80 per unit which is way higher than any other part.

The NAND memory, acquired from Toshiba is $45 for 256 GB.

The 3 GB RAM is half - only $24.

Apple announced the A11 Bionic chipset, which is built by TSMC on their 10 nm process technology. One chipset costs $26 while the modem that is plastered on it is provided by Qualcomm and is $18 more.

The 3D sensor is also in the expensive category - it is $25. It is packed behind the glass on the front panel which is another $18.

The logistics and few production costs aren't included here though.

Recall that the iPhone X (iPhone 10) costs about $1000 (N400,000). So do you think that Apple is making huge profits from their devices?