The new iPhone X is Apple’s most expensive iPhone so far, the handset costs $999 for the 64GB model and $1149 for the 128GB model. It looks like the handset may also be Apple’s most profitable iPhone so far.
According to a recent report by Reuters and Techinsights the new iPhone X costs around $357.50 to make. The display on the new iPhone apparently costs $65.50 to make and the stainless steel chassis has an estimated cost of $36. The handset costs quite a bit more than the iPhone 8 which has an estimated build cost of $247.51.
Apple makes around 59% as a gross margin on the iPhone 8, the iPhone X is more profitable with a gross margin of around 64%. The difference on the gross margin on the two is around 5%, although the difference in price is around $300 between the two handsets.
Apple’s new iPhone is rumored to be the company’s most popular product so far, so the device should end up making them a significant amount of money. The device has been very popular and is sold out at Apple’s retail stores around the world. It is also sold out online and if you order one now it will take between three to four weeks to get the handset.