How much did it cost to build the iPhone X? Hint: Profit margins are huge!

The iPhone series has always produced among the most expensive phones around. However, every year, we get the bill of materials and we end up surprised by how little the company spends on production relative to the retail price. For instance, the previous iPhones cost a little over $200 to build while they sell for $650 and above, the profit margins are astronomical.

This year, Apple went out…

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