How Much Does an iPhone 7 Really Cost?

Apple is one of the most profitable companies in the entire world and in the next few paragraphs you’ll easily understand why: the company is indeed offering great value for the money and premium quality, but it all comes at prices that make its devices fairly expensive.

The newly-launched iPhone 7 is living proof and is subject to so many jokes because of its hefty price (i.e. why do so many Americans hate Donald Trump? Because he has an iPhone 7 and both kidneys).

A recent analysis of the production costs made by CNN Money shows how Apple is bringing home the bacon with the iPhone 7, and it turns out there’s a lot of bacon.

The $750 iPhone costs $292 to make

According to this breakdown, making the iPhone 7 has the following estimated costs (keep in mind that this is only the cost of parts in US currency):
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