iPhone X will make Apple more money per phone than its iPhone 8 model
San Francisco
APPLE Inc's new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis, which found that the iPhone X's flashier parts cost Apple 25 per cent more than the iPhone 8, but that it retailed 43 per cent higher.
The iPhone X smartphone costs US$357.50 to make and sells for US$999, giving it a gross margin of 64 per cent, according to TechInsights, a firm that tears down technology devices and analyses the parts inside. The iPhone 8 sells for US$699 and has a gross margin of 59 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
US sets up board to advise on safe, secure use of AI
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’