The phone which is one of the most costliest phone an average earning person could buy but it seems to be very cheap to build that phone. The iPhone X comes with a lot of features that makes it so costly to buy.
The parts for the base model of the iPhone X with 64 gigabytes of storage cost $370.25(23,877INR approx), according to an analysis by research firm IHS Markit, Bloomberg reports. That figure does not include manufacturing and software. Apple sells that model for $999, meaning it makes a margin of 64 percent. That number is slightly higher than the iPhone 8, which Apple sells for $699(45,078 INR) at a gross margin of 59 percent. The iPhone 8 costs $255.16(16,455 INR) for the parts, according to the analysis.
Breaking down the iPhone X part-by-part, the new 5.8-inch OLED display is the most expensive piece of the device. Display costs Apple around $65.50, compared to $36 for the 4.7-inch LCD display on the iPhone 8. As you would expect, this is largely due to the OLED technology used in the iPhone X’s panel.The stainless steel chassis also represents a decent chunk of Apple’s iPhone X cost. Here, you’re looking at $36 for the stainless steel design of the iPhone X, versus $21.50 for the aluminum housing used in the iPhone 8.The iPhone X’s other standout feature — Face ID – utilizes the True Depth Camera, which costs $16.70 per phone for the company.
There are some key difference in hardware that account for the $122 price difference between the iPhone 8 and iPhone X. Apple is paying a premium for the parts that drive many of the exclusive features on the iPhone X.
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