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The iPhone 7 is more expensive to manufacture than the iPhone 6S

That being said, we’re sure many are also wondering how much do the phones cost to make, and exactly by how much is Apple marking them up by?

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“This is a new feature that produces a whole new look for the iPhone”, said Wayne Lam, principal smartphone analyst at IHS. Prior to the iPhone 7, the thin modem was always on the other side of the SIM card receptacle.

The phones tout a number of upgrades including an enhanced camera and for the first time, Apple says the iPhone seven is water-resistant – up to one meter of water for 30 minutes.

IHS Markit senior director of cost benchmarking services Andrew Rassweiler stated that the total bill of materials for the iPhone 7 is comparable to that of the flagship smartphones of Apple competitor Samsung, with higher costs compared with previous models. The report does not mention the components used in the larger iPhone 7 Plus but it is obvious that the dual-camera lens incorporated in the device would cost a bit to manufacture compared to the camera implemented on the iPhone 7. The 4.0-inch iPhone 6s spin-off helped Apple capture more market share by being the third best-selling device in the U.S. for Q2 2016.

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The report also notes that the new jet-black color option really is an expensive procedure, and that could explain why stocks are limited. Tell us your thoughts right away. “Doing so pushes the antennas near the only other opening, for better reception and transmission”. The iPhone 6S’s in-box materials were about $6, according to an updated analysis, while the iPhone 7’s are $11.80, according to IHS. “Apple likes to reuse these unique designs throughout their product lines”, Lam said. The headphone jack was removed for the iPhone 7 and iPhone 7 Plus and rumors are now saying that the company could make another big change for its smartphone in 2017. This change is consistent with Apple’s claims of improved battery life.

iPhone 7 Component Costs Estimated to Start at $220