IHS Revealed That the Cost of the $639 iPhone7 Is Just $224.80
According to the IHS Markit, the cheapest model of Apple's latest iPhone 7 costs $219.80 for the materials inside it, which is a lot less than $649, the price Apple currently sets for its 32GB iPhone 7. With the extra $5 for manufacturing process, it costs Apple in total of $224.80 for the 32GB version iPhone7.
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